INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

China discovers world’s largest metamorphic rock oilfield in Bohai Sea

These reserves exceed 40 million cubic meters, contributing to the cumulative proven reserves of the field. (WAM)
  • The Bohai 26-6 oilfield is situated approximately 170 kilometers from Tianjin Municipality.
  • It has been anticipated that the average daily oil production will surpass 390 cubic meters.

BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock oilfield in the Bohai Sea.

According to China Central Television, the Bohai 26-6 oilfield, situated approximately 170 kilometers from Tianjin Municipality, has recently confirmed an unprecedented volume of oil and gas reserves.

These newly established reserves exceed 40 million cubic meters, contributing to the cumulative proven reserves of the field which have now surpassed 200 million cubic meters.

During the process of drilling exploration, engineers made the significant discovery of an oil and gas layer reaching a depth of 118 meters.

It is anticipated that the average daily oil production will surpass 390 cubic meters, while the gas output is projected to exceed 50,000 cubic meters.