China’s CNOOC discovers new 100M tons oilfield in Bohai Sea

China’s CNOOC Ltd. has discovered a new oilfield with light crude reserves of 100 million tons in the Bohai Sea, which stretches along China's northern coastline, Report informs referring to Reuters.

It was not immediately clear whether the volume referred to oil in place, or proven reserves at exploration block Bozhong 26-6, where the discovery was made.

State-owned CNOOC is China’s largest offshore oil and gas producer. The company has targeted a record 650 million to 660 million barrels of oil equivalent (boe) for this year.