HONG KONGAug. 7, 2024/PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883 (HKD Counter) and 80883 (RMB Counter), SSE: 600938) announces today that Chinese governmental authorities have approved the proved gas in-place of Lingshui 36-1 gas field, which stands at over 100 billion cubic meters. It is the first large-size ultra-shallow gas field in ultra-deep water in the world, which opens up a new area of exploration in deep waters. Lingshui 36-1 gas field is located in the southern portion of the Central Sag, Qiongdongnan Basin. The average water depth of the gas field is approximately 1,500 meters, and the burial depth is 210 meters, making it a typical ultra-deep-water ultra-shallow gas field. Mr. Xu Changgui, Chief Geologist of the Company, said, "Ultra-shallow gas reservoirs are important sources of hydrocarbon in deep waters.

Source: Manila Times August 07, 2024 10:29 UTC