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Chinese oil company makes significant discovery in South China Sea

30/06/2020
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The China national Offshore Oil Corporation (CNOOC) has announced a significant oil and gas discovery in the eastern part of the South China Sea.


(Image via CNOOC)

The Huizhous 26-6 discovery is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of the Pearl River Mouth Basin, having been tested to produce around 2,020 barrels of oil and 15.36 million cubic feet of gas per day. 

The discovery well HZ26-6-1 was drilled and completed at a depth of 4,276 metres in an average water depth of around 113 metres, and encountered oil and gas pay zones with a total thickness of around 422.2 metres. 

This is a significant exploration breakthrough in the region and marks the first time that the company has achieved commercial and highly productive oil and gas flow in buried hill exploration in the eastern South China Sea. It supports a huge potential for exploration in the area.

CNOOC has been tasked by the Chinese government to boost its domestic oil and gas production and lessen dependence on oil and gas imports. A major find like this will go a long way to fulfilling that aim and will create numerous oil & gas jobs in the region.

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Chinese oil company makes significant discovery in South China Sea - Time to read 2 min
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