China's Largest Offshore Oil Company, CNOOC, Discovers Oil and Gas Field in the North of the Country With 100 Million Tons of Oil Equivalent Reserves

China’s Largest Offshore Oil Company, CNOOC, Discovers Oil and Gas Field in the North of the Country With 100 Million Tons of Oil Equivalent Reserves

Written by Flavia Marinho

Published on 23/02/2021 at 13:03

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Bohai Field May Be China’s Largest Oil And Gas Producer After Latest Discovery By CNOOC – China National Offshore Oil Corporation

The China National Offshore Oil Corporation (CNOOC), one of the three largest oil and gas producers in China, announced on Monday that it has discovered an oil and gas field in the north of the country, with estimated reserves of 100 million tons of oil equivalent, which is expected to transform the area into China’s largest crude oil production base.

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CNOOC said that the discovery of the Bozhong 13-2 field represents a significant advancement in exploration work in the Bohai Sea area and considerably expands the capacity for exploration of subterranean hills.

“The successful exploration of the Bozhong 13-2 structure is another remarkable exploration achievement for the company to continuously enhance its efforts in oil and gas exploration and production offshore China,” said CNOOC’s General Exploration Department Manager, Zhou Xinhuai.

Bozhong 13-2 will become one of the main driving forces for the Bohai oil field to reach 40 million tons of gross production during the 14th Five-Year Plan period, which ends in 2025, Zhou Xinhuai, general manager of the exploration department, stated that the company has been increasing its crude oil production in China for two consecutive years.

CNOOC, headquartered in Beijing, began looking for oil and gas in the Bohai Sea half a century ago. Since 2019, it has discovered the 100 billion cubic meters gas field Bozhong 19-6 and the Kenli 6-1 oil field with 100 million tons.

China’s Largest Offshore Oil Company, CNOOC, Discovers Oil and Gas Field in the North of the Country With 100 Million Tons of Oil Equivalent Reserves

Bohai Field May Be China’s Largest Oil And Gas Producer After Latest Discovery By CNOOC – China National Offshore Oil Corporation

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China’s Largest Offshore Oil Company, CNOOC, Discovers Oil and Gas Field in the North of the Country With 100 Million Tons of Oil Equivalent Reserves

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