Investing.com - Financial Markets Worldwide

CNOOC announces 50 mln T oil equivalent reserves in South China Sea

Published 01/25/2021, 12:59 PM
Updated 01/25/2021, 01:00 PM
© Reuters.

BEIJING, Jan 25 (Reuters) -
* China National Offshore Oil Corp (CNOOC) said on Monday it
has
recorded proven oil and gas geological reserves of 50 million
tonnes oil equivalent at its Huizhou 26-6 field in the east part
of South China Sea
* The field was tested to produce more than 500 cubic metres
of
oil and 600,000 cubic metres of gas each day, said a general
geologist from CNOOC
* The proven reserves at Huizhou were certified by the
Ministry of
Natural Resources, the company said
* "The discovery at the Huizhou field will help improve
clean
energy supply in southern China...and marks a great development
of CNOOC's efforts to increase domestic exploration," said the
statement



Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.