HomeInternational100-mn-tonnes of new oil, gas reserves discovered in South China Sea

100-mn-tonnes of new oil, gas reserves discovered in South China Sea

Beijing, March 8 (IANS) An oilfield was discovered in the South China Sea on Friday, and it has proven oil and gas reserves reaching 102 million tonnes of oil equivalent, according to the China National Offshore Oil Corporation (CNOOC).

The Kaiping South oilfield, featuring light crude oil, is located in the eastern part of the South China Sea, approximately 300 km from Shenzhen, Guangdong Province.

The average depth of the ocean at the oilfield is about 500 meters and the deepest hole drilled is 4,831 meters deep, Xinhua news agency reported.

Zhou Xinhuai, chief executive officer of the CNOOC, said exploring deep water and drilling deep holes will lead to an increase in oil and gas reserves and output.

–IANS

int/svn

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular