China finds 100 million ton oil reserveChristian Fernsby ▼ | May 28, 2020
China National Offshore Oil Corp found the first reserve in the country with 100 million tons of crude oil in the Bay of Bohai, in the north, local media reported.
Oil China National Offshore Oil Corp
Topics: China oil
The firm is searching for medium- and large-size oil and gas deposits, even in deep waters.
In February 2019, the Bozhong 19-6 oil field, containing 100 billion cubic meters of gas, was found, while Kenli 6-1 can contribute an annual production of 40 million tons.
The China National Offshore Oil Corp is the country's largest oil company specialized in high-sea drilling and overseas operations. ■