China discovers major oilfield with over 100 million tonnes in reserves
BEIJING: The China National Offshore Oil Corporation (CNOOC) has announced a significant oilfield discovery in the eastern South China Sea, with proven reserves exceeding 100 million tonnes. The Huizhou 19-6 oilfield, located 170 km off Shenzhen, is China’s first large-scale integrated clastic oilfield found in deep to ultra-deep layers. CNOOC hailed this as a breakthrough […]

