CNOOC Limited has announced the first ‘deep-deep’ large gas field. CNOOC Limited has announced the first “deep-deep” large gas field, dubbed Baodao 21-1, which it says has proved gas-in-place of over 50 billion cubic meters. The company, which noted that the proved gas in-place of Baodao 21-1 has successfully passed the Chinese governmental review and filing, said the Baodao 21-1 gas-bearing structure will host the first deep-water deep-stratum large gas field in the South China Sea, “realizing the biggest discovery in more than half a century in Songnan-Baodao Sag”. “It will lay a solid foundation for the construction of a gas production base of trillion cubic meters resources in the South China Sea. The review and filing once again confirmed the exploration potential of this structure,” CNOOC Limited said in a company statement. Zhou Xinhuai, the chief executive officer of CNOOC said, “exploration has always been a priority for […]