China’s state-owned oil and gas company has announced a major hydrocarbon discovery breakthrough in the exploration of ...

China National Offshore Oil Corporation (CNOOC) has started phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. CNOOC holds a 100% interest and operates the ...

Sinopec has certified 1.3 billion barrels of new shale oil reserves in eastern China, despite the challenges of deep ...

Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, ...

Company started production in February In February this year, CNOOC announced the start of production from the Bozhong 26-6 oilfield development project (Phase I) in the central Bohai Bay.

Earlier this month, CNOOC began phase one production at the Bozhong 26-6 oilfield development project in central Bohai Bay. The company also announced the start of production at the Buzios7 project.

Located in central Bohai Bay, with an average water depth of approximately 20 meters, the project, which is also the world's largest metamorphic buried hill oilfield with cumulative proven oil and ...

China has confirmed the discovery of two major shale oil fields, one apiece in the Bohai Bay basin and Northern Jiangsu basin, marking a breakthrough in the country’s unconventional oil exploration.

SINGAPORE (Reuters) -- Sinopec said on Monday that the Chinese government has certified about 180 million tonnes, or about 1.3 billion barrels, of new geological reserves at two of its shale oil plays ...