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China finds 100 million ton oil reserve

Christian 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.
China National Offshore Oil Corp
Oil   China National Offshore Oil Corp
According to the sources, the deposit is in the company's Kenli 6-1 field and will reinforce China's energy security, as well as the economy of surrounding regions.

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.