Major Oil Discovery in the South China Sea

BEIJING, March 31 (Reuters) – China National Offshore Oil Corporation has made a significant discovery in the eastern South China Sea. According to a report in China’s official Xinhua news agency, the Huizhou 19-6 oilfield has proven reserves exceeding 100 million tonnes.

The oilfield is located approximately 170 km from Shenzhen in Guangdong Province, with an average water depth of 100 meters. Test drilling has shown promising results, with daily production currently standing at 413 barrels of crude oil and 68,000 cubic meters of natural gas.

This discovery marks a significant development in China’s efforts to explore and exploit its offshore oil reserves. The new oilfield is expected to contribute significantly to the country’s energy security and economic growth.

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