“China's
largest producer of offshore oil and gas CNOOC said Monday that CNOOC
981, the country's first deepwater drilling rig, has made its first
deepwater gasfield discovery in the South China Sea.”
“The
Lingshui 17-2 gasfield, some 150 kilometers south of Hainan Island,
is in the east Lingshui Sag of the Qiongdongnan Basin, the company
said in a statement.”
“Xie
Yuhong, a manager with CNOOC, said the well would produce 56.5
million cubic feet of gas per day, equivalent to about 9,400 barrels
of liquid oil per day, the highest daily flow of all CNOOC's gas
wells during testing.”
“According
to Xie, the gasfield could be very large, given test results so far.
A large gasfield generally means at least 30 billion cubic meters.”
“Wang
Yilin, CNOOC chairman, said discovery of the field opened the door to
deepwater oil and gas resources in the South China Sea and the huge
exploration potential of deepwater areas there.”
“China
is the world's biggest energy consumer and heavily dependent on
imported oil and natural gas with 58 percent and 31.6 percent
respectively imported in 2013. In desperate need of fuel, China has
been working hard to find new sources at home.”
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