China discovers major new oilfield off Shenzhen

Beijing (AFP) Mar 31, 2025
China's National Offshore Oil Corporation (CNOOC) said Monday it has discovered a major oilfield in the eastern South China Sea, with proven reserves exceeding 100 million tonnes. The Huizhou 19-6 oilfield lies about 170 kilometres (100 miles) from Shenzhen in south China's Guangdong Province, Beijing's Xinhua news agency said. Test drilling has yielded a daily production of 413 barrels