CNOOC unveils major discovery at Weizhou 10-5 gas field
The site is a metamorphic sandstone and slate buried hills offshore China.
CNOOC Limited and 80883 have announced that the exploration of metamorphic buried hills in the South China Sea indicated the possible production of 165,000 cubic feet of natural gas.
In a statement, CNOOC said the Weizhou 10-5 South Oil and Gas Field is also projected to produce 400 barrels of crude oil per day.
The gas field is located in the Beibu Gulf of the South China Sea, with an average water depth of 37 meters.
“This represents the first major breakthrough in metamorphic sandstone and slate buried hills exploration offshore China, setting important example for advancing deep plays and buried hills oil and gas exploration,” said CNOOC CEO Zhou Xinhuai.
“In the future, CNOOC Limited will continue to intensify research on key theories and technologies for deep play exploration, to enhance research and development capabilities, advance reserves and production growth, and to ensure stable supply of oil and gas,” he added.