'Power Shortage' China Discovers Large Oil Field with 100 Million Tons... Production to Start from 2025

[Asia Economy Reporter Koo Chae-eun] China, which is experiencing the worst power shortage, announced that it has discovered a large oil and gas field in Bohai, near the West Sea.

According to Chinese media CCTV on the 30th, the state-owned company China National Offshore Oil Corporation (CNOOC) recently discovered the oil and gas field 'Kenli 10-2' in the southern Bohai Sea, about 245 km from Tianjin. The average water depth of the oil field is approximately 15.7 meters, and according to the Ministry of Natural Resources' investigation, it is estimated to contain over 100 million tons of crude oil.

CCTV evaluated that "this has important significance for the stable production of China's offshore oil and gas fields and the guarantee of energy security." Previously, CNOOC also discovered oil and gas fields in the southern and central Bohai regions in March last year and February this year.

CNOOC stated, "There are already several oil-producing fields around the newly discovered oil field, and development facilities are fully equipped," adding, "This oil field is expected to enter full production around 2025."

This content was produced with the assistance of AI translation services.