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Home›News›CNOOC says offshore discovery may be its largest in China
News

June 16, 2006 · about 20 years ago

CNOOC says offshore discovery may be its largest in China

China’s largest offshore oil producer, CNOOC Ltd, confirmed Friday the discovery of a large deepwater gas field made in partnership with Canada’s Husky Energy. Calgary-based Husky said Wednesday the field may contain 4 trillion to 6 trillion cubic feet of natural gas. An official with CNOOC in Hong

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China’s largest offshore oil producer, CNOOC Ltd, confirmed Friday the discovery of a large deepwater gas field made in partnership with Canada’s Husky Energy. Calgary-based Husky said Wednesday the field may contain 4 trillion to 6 trillion cubic feet of natural gas. An official with CNOOC in Hong Kong said if the estimated recoverable reserves are correct, the discovery “could be its first deepwater and largest gas find in offshore China.” CNOOC has the right to a 51% stake in the project.

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