China finds huge oil field in an ultra deep well in South China Seas

[Scott Downey]

One thing China has lacked is oil reserves.

MSN

China National Offshore Oil Corporation (CNOOC) announced on Monday the discovery of a major oilfield in the eastern South China Sea, estimated to hold up to 110 million tons of oil reserves.

The discovery of the Huizhou 19-6 offshore oil field highlights the future of oil and gas reserves. Production lies in deep to ultra-deep layers. Though exploring oil and gas at these profound depths poses numerous concerns and challenges, China’s latest success in locating yet another reservoir of large-scale potential has been called another breakthrough in a series over the past two years.


According to Global Times, the oilfield is 106 miles off the coast of Shenzhen in South China’s Guangdong Province. Its average water depth is 328 feet. Drilling at these deep to ultra-deep layers will drive the industry forward. But the company acquiesces that it won’t be an easy feat.

 

[Truth7t7]

China National Offshore Oil Corporation (CNOOC) announced on Monday the discovery of a major oilfield in the eastern South China Sea, estimated to hold up to 110 million tons of oil reserves.

Problem?

The Communist Chinese Party Claims The Oil Reserves?

Lies in propaganda, posturing for future oil imports at lower prices, Communist China is the master of propaganda and lies

 

[Scott Downey]

Guyana has proven huge reserves and Exxon and the US are there to exploit the oil, with the continued favor of the Guyana government.
This is right next to Venezuelan oil reserves.

Local indigenous politicians are complaining about the environment, of course, they all do. This is universal all the way to Greenlanders.

MSN

 

[Truth7t7]

Guyana has proven huge reserves and Exxon and the US are there to exploit the oil, with the continued favor of the Guyana government.
This is right next to Venezuelan oil reserves.

Local indigenous politicians are complaining about the environment, of course, they all do. This is universal all the way to Greenlanders.

MSN

Yes the US is worldwide exploiting countries for their oil reserves, Iraq was a prime example

Bush claimed weapons of mass destruction, a war with Iraq followed, no weapons of mass destruction were found and the government installed by the US was a puppet for US profit $$$

No different than Great Britian, France, etc exploiting Africa for its gold and diamonds

Canada and the US have exploited the indigenous people in their countries for land and natural resources

Conclusion: He who has military strength "Rules", Iraq and Africa are prime examples, they have untold natural resources but inferior military strength