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China discovers 100-million-ton crude oil reserve in South China Sea (www.aa.com.tr)

submitted 2 days ago by melp to c/news

5 comments fedilink hide all child comments

China announced Monday the discovery of a crude oil reserve estimated at 100 million tons in the northeastern part of the South China Sea, according to a statement from the China National Offshore Oil Corporation (CNOOC).

The reserve was located at the "Huicou 19-6" oil field, situated approximately 170 kilometers off the coast of Guangdong province in southern China. The field lies in waters averaging 100 meters in depth.

CNOOC said test drilling at the site yielded 413 barrels of oil and 68,000 cubic meters of natural gas per day.

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[–] Ooops@feddit.org 14 points 2 days ago

And now to the interesting question:

Does China plan to pump up that oil to sell it to the morons flooded with anti-renewable propaganda while changing to electrification via green energy themselves just like many other big oil producers?

I'm afraid I already know the answer.