Wednesday, 5 September 2018

CNOOC starts tapping huge gas fields in South China Sea

China National Offshore Oil Corp. (CNOOC) has started to develop the Lingshui find, the company’s the first independent deepwater gas discovery. CNOOC freed up an initial budget of 20 billion yuan (US$2,93bn) and set a design capacity of 343 million cubic feet as it aims to turn the Lingshui find into its main source of gas production after 2020.

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