China discovers 100M tons of oil reserve in SCS

by Catherine S. Valente - Philippine News Agency

Mar 10, 2024 12:13 am

(UPDATE) CHINA'S national oil giant China National Offshore Oil Corp. (CNOOC) made an oilfield discovery with a volume of 100 million tons in the eastern South China Sea, the company announced on Friday.

The new reserve was found in the Kaiping South Oilfield, 300 kilometers off the coast of Guangdong province in the south of the country.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

Philippines detains more than 250 in scam hub raid

Macasaet resigns as SSS chief, accepts party-list nomination

Marcos to raise South China Sea issue with Asean in Laos

North Korea's Kim threatens to use nukes if attacked

Honasan declares Senate bid, cites need for new AFP modernization program

Sotto confirms owners of dropped construction company from Comelec deal running in Pasig

Easterlies, ITCZ prevail over PH — Pagasa