February 8, 2015

"A deepsea natural gas discovery in the northern part of the South China Sea has certified proven reserves exceeding 100 billion cubic metres, making it one of China's biggest offshore finds, Chinese state television reported.

Offshore oil and gas specialist CNOOC Ltd announced the discovery last August after striking high flows of gas in the Lingshui 17-2 well, with per day production of 56.5 million cubic feet.

The well, at operational depth of 1,500 metres under the sea, was located about 150 kilometres (94 miles) south of the Chinese island province of Hainan."

Read more:

http://news.asiaone.com/news/asia/chinas-deepsea-gas-find-holds-over-100-bcm-reserves-state-media