20 June 2018, Beijing – China’s offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.
The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials
The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China’s
, with an average operational depth of 1,500 metres, according to a Reuters report from that year
CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.