CNOOC Limited has announced that the proved gas in-place of Baodao 21-1 gas field has successfully passed the Chinese governmental review and filing. Proven in-place natural gas and condensate oil has been certified at over 50 billion cubic metres and 3 million cubic metres respectively.
China discovered its first large deep-water deep-stratum gas field with proven reserves exceeding 50 billion cubic meters (bcm) in the sea southeast of Hainan Province.
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China discovered its first large deep-water deep-stratum gas field with proven reserves exceeding 50 billion cubic meters (bcm) in the sea southeast of Hainan Province, marking strong progress for the country in accelerating deep-sea exploration which will further ensure national energy security.