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Page added on September 16, 2014
China discovers major gas field in South China Sea
China has discovered a major natural gas field in the South China Sea. It is the country’s first independent deep-sea discovery. CCTV’s Han Peng reports.
China’s deep water oil rig 981 is anchored in the South China Sea and has just discovered a major gas field.
This newly discovered field contains the energy equivalent of nearly 10,000 barrels of oil per day.
CNOOC, China’s largest offshore oil and gas company says the discovery signals that China has the technologies for the deep sea drilling.
5 Comments on "China discovers major gas field in South China Sea"
buddavis on Tue, 16th Sep 2014 8:53 am
I assume the description is wrong, and instead of “field” they meant discovery well. If not, I don’t think an offshore deep water discovery “containing the energy equivalent of nearly 10,000 barrels of oil per day” is a major gas field.
rockman on Tue, 16th Sep 2014 2:44 pm
Bud – A well testing 50+ million cuft is a significant well by anyone’s standard. But it indicates nothing about the size of the field one way or the other. It might be one of the largest offshore NG fields ever discovered or not big enough to warrant developing. Even the Chinese don’t rate it as a significant discovery yet:
Reuters – China National Offshore Oil Corp has made a deepwater gas field discovery in the northern part of the South China Sea. The offshore oil and gas specialist found a high volume of gas flows in the Lingshui 17-2 well in August. Lingshui 17-2 gas well was tested to produce 56.5 million cubic feet of natural gas per day.
However, analysts believe it may take a long time before the field can contribute to CNOOC’s production. “Despite the gas find, it may take at least four to five years from now before the field can contribute to domestic gas production due to a lack of existing infrastructure”. “CNOOC is not likely to book any gas reserves at this stage because more deepwater delineation wells must be drilled to properly ascertain the economic attractiveness of the field.”
Lingshui 17-2 is the first significant deepwater gas discovery made by semi-submersible rig CNOOC 981, which started operation in May 2012, CNOOC said.
The well is located 94 miles south of China’s southern Hainan Island, with an average operational depth 1,500 metres under the sea.
buddavis on Tue, 16th Sep 2014 4:09 pm
rock. Agree, just a poorly worded article.
rockman on Tue, 16th Sep 2014 7:11 pm
Yep. That’s why I dug up the other one.
Nony on Tue, 16th Sep 2014 8:14 pm
http://blogs.platts.com/2014/09/16/utica-shale-flow-rates/
Utica! Utica!
USA! USA!
RG3! RG3!