The China National Offshore Oil Corporation (CNOOC) announced Monday that it has discovered an oilfield in the Bohai Sea with a proven oil reserve of 104 million tonnes.
Named Qinhuangdao 27-3, the oilfield is located some 200 kilometers from China's Tianjin Municipality. It has an average water depth of 25 meters.
The daily output of a single well is estimated to be about 110 tonnes of crude oil, according to the company's assessment.
Qinhuangdao 27-3 is the sixth oilfield with a reserve of over 100 million tonnes discovered in the Bohai Sea since 2019, demonstrating the broad prospects of oil and gas exploration in the sea, the CNOOC said.
(Reported by Wang Enbo; Edited by Qi Yiling)