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China Continues String Of Discoveries With Giant New Gas Field
China’s state-run CNOOC oil and gas giant has announced the discovery of what Chinese media are referring to as a large, deep-reservoir coalbed methane field with proven geological reserves of over 100 billion cubic meters (bcm) of natural gas. A discovery of this magnitude represents CNOOC’s second major onshore gas discovery, which is being heralded as a major step towards expanding China’s unconventional production. The discovery also represents the country's first deep coalbed methane field. The Shenfu coal seam gas field discovery is in the country’s north, at Yulin, with the coal seams at a depth of ... (full story)