China has discovered an oilfield in the Bohai Sea with proven oil reserves of 104 million tonnes, state-run Xinhua news agency reported.
The agency said on Tuesday that the discovery was made at the Qinhuangdao 27-3 field, located about 200 kilometres (124 miles) from China’s Tianjin municipality.
The field has an average oil depth of 25 metres (82 feet) and the daily oil production per well is estimated to be about 110 tonnes, according to the company.
The discovery was the sixth with reserves of more than 100 million tonnes discovered in the Bohai Sea since 2019, indicating strong prospects for oil and gas exploration in this offshore region, China National Offshore Oil Corporation (CNOOC) said.
Earlier this month, CNOOC made an oil discovery with 100 million tonnes of reserves in the eastern South China Sea.
CNOOC plans to produce 700-720 million barrels of oil equivalent this year, with China accounting for 69 per cent and overseas ventures accounting for the rest.
