EXPLORATION

CNOOC makes major discovery in South China Sea

CHINESE national oil company CNOOC has discovered a "significant" oil and gas find in the eastern South China Sea.

The discovery was made in the shallow waters of the Pearl River Mouth Basin when CNOOC drilled its HZ26-6-1 well to a depth of 4276 metres. It encountered 422 metres of oil and gas pay which was...

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