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China-developed deepwater gas field sees record high oil, gas output
China's first independently developed and independently built ultra-deepwater gas field, Shenhai Yihao, also known as Deep Sea No.1, has recorded an accumulated natural gas output of over 9 billion cubic meters to date, with an oil output exceeding 900,000 cubic meters. Shenhai Yihao is the deepest gas field of its kind in China and began operations on June 25, 2021. The China National Offshore Oil Corporation (CNOOC) has said that once its phase II project, which aims to upgrade the gas field, is fully operational, it expects that Deep Sea No.1 will increase its peak annual output from 3 billion cubic meters to 4.5 ... (full story)
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- Posted: Oct 13, 2024 10:51pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 134
