CNOOC Says Finds Large Coal Seam Gas Field in North China

Chen Aizhu
Monday, October 23, 2023

China's CNOOC announced on Monday the discovery of a large deep-reservoir coalbed methane field in the north of the country with proven geological reserves of over 100 billion cubic meters (bcm) of gas.

It is the second sizeable gas discovery onshore for the offshore oil and gas producer. 

The discovery well, SM2-33-CH1, part of the Shenfu coal seam gas field in Yulin of Shaanxi province, found 16.5 meters of coal seams at about 2,011 meters below the surface, CNOOC said in a statement. 

The well yielded 19,000 cubic meters of gas a day during test production, it said.

Shenfu becomes CNOOC's second major coalbed methane field after Linxing field in neighboring Shanxi province was discovered in early 2021 that has similar-sized proven reserves.  

A total of more than 100 exploration wells have been planned at Shenfu, CNOOC added. 

CNOOC is scheduled to release third-quarter earnings on Tuesday.

The state oil major vowed in 2020 to raise the share of natural gas to make up half of its total output by 2035, up from 21% in 2021, in its effort to contribute to a national carbon neutral target by 2060.

(Reuters - Reporting by Chen Aizhu; Editing by Muralikumar Anantharaman)


Related Stories

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

EnQuest Acquires Harbour Energy’s Vietnamese Assets

Woodside Finds South Korean Partners to Advance LNG Value Chain

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Yinson Production Secures $1.17B Refinancing for FPSO Maria Quitéria

Current News

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

Pandion Energy Divests Interests in Three Norwegian Assets to Inpex

China Starts Production at Major Oil Field in Bohai Sea

Dutch Contractor Completes Malaysia’s Largest 'Rig-to-Reef' Decom Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com