China's first solo-operated deepwater gas field starts production

Shenhai-1, meaning deepsea, is expected to produce up to 3.39 billion cubic meters (bcm) of gas every year, or roughly 2% of China's total gas output, the energy major said on its official Weibo account.

Agencies
Shenhai-1 is part of CNOOC's plan to significantly increase its gas output to cut carbon emissions and help Beijing's climate goals.
China's first solo-operated deepwater gas field started production on Friday, the country's national offshore producer CNOOC Ltd said.

Shenhai-1, meaning deepsea, is expected to produce up to 3.39 billion cubic meters (bcm) of gas every year, or roughly 2% of China's total gas output, the energy major said on its official Weibo account.

The deepsea gas project, built in the Lingshui 17-2 gas field in the South China Seas, will bring CNOOC's total gas production capacity in the sea area to more than 13 billion cubic meters annually, according to the company.


Shenhai-1 is part of CNOOC's plan to significantly increase its gas output to cut carbon emissions and help Beijing's climate goals.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › International › Business › China's first solo-operated deepwater gas field starts production
Text Size:AAA
Success
This article has been saved

*

+