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What will be the estimated production capacity of Lingshui 36-1 gas field announced by CNOOC by December 31, 2024?
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Resolution / Starting Odds
More than 10 billion cubic meters per year • 25%
5-10 billion cubic meters per year • 25%
1-5 billion cubic meters per year • 25%
Less than 1 billion cubic meters per year • 25%
Official announcements from China National Offshore Oil Corporation (CNOOC) or Chinese government sources
Story
China Discovers Lingshui 36-1 Gas Field with 100 Billion Cubic Meters
Aug 7, 2024, 02:39 PM
China has announced the discovery of the world's first ultra-deepwater and ultra-shallow gas field, Lingshui 36-1, located in the South China Sea near Hainan Province. The China National Offshore Oil Corporation (CNOOC) confirmed that the gas field's original gas in place (OGIP) is estimated to exceed 100 billion cubic meters. The average water depth of the gas field is approximately 1,500 meters. This significant discovery has been approved by national authorities and is expected to advance China's energy sector.
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Less than 1 million cubic meters/day • 25%
1-1.25 million cubic meters/day • 25%
1.25-1.5 million cubic meters/day • 25%
More than 1.5 million cubic meters/day • 25%
105 million tons • 33%
110 million tons • 33%
115 million tons • 33%
Yes • 50%
No • 50%
Less than 250 cubic meters/day • 25%
250-300 cubic meters/day • 25%
300-350 cubic meters/day • 25%
More than 350 cubic meters/day • 25%
Yes • 50%
No • 50%
Oil drilling • 25%
Gas drilling • 25%
Combined oil and gas drilling • 25%
Other • 25%
Yes • 50%
No • 50%
Increase by more than 5% • 25%
Increase by 3-5% • 25%
Increase by 1-3% • 25%
Increase by less than 1% • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%