China’s largest producer of offshore crude oil and natural gas, CNOOC Limited, announced an important discovery in the South China Sea by confirming the Lingshui 36-1 gas field’s proved gas in place, which exceeds 100 billion cubic meters.
The ultra-deep, ultra-shallow gas field, located in the southern portion of the Central Sag, Qiongdongnan Basin, is the world’s first large-scale discovery of its kind.
The field, with an average water depth of around 1,500...