9/30/2021- 9:08 a.m.
China makes “LARGE” oil discovery, with 569 barrels per day capacity – amid power shortage!
China has apparently found new oil reserves of over 100mn tonnes after an offshore discovery well in its northeastern region of Bohai made a successful find in the China National Offshore Oil Company’s top field.
The probing well found 27-meter deep reserves of oil about 1.5km down, which the CNOOC say will yield 569 barrels per day following appraisal well tests.
Last week the company announced they would start oil production at another offshore field also in Bohai Bay that could reach a peak of 11,000 barrels per day by next year.
