BEIJING: The China National Offshore Oil Corporation (CNOOC) announced Monday that it has discovered an oilfield in the Bohai Sea with a proven oil reserve of 104 million tonnes.
Named Qinhuangdao 27-3, the oilfield is located some 200 kilometers from China’s Tianjin Municipality. It has an average water depth of 25 meters. The daily output of a single well is estimated to be about 110 tonnes of crude oil, according to the company’s assessment.
Qinhuangdao 27-3 is the sixth oilfield with a reserve of over 100 million tonnes discovered in the Bohai Sea since 2019, which demonstrates the broad prospects of oil and gas exploration in the sea, the CNOOC said. –Agencies
