CNOOC ADVANCES HIGH-PRESSURE DEVELOPMENT

Test output at China National Offshore Oil Corporation'sDeep Sea No. 1 A-12 offshore gas field clocked 830,000 cubic meters per day. The State-run CCTV mentioned that the project was the country's first deepwater high-pressure natural gas development venture.

Due to the declining output at mature oilfields, Chinais progressively seeking ultra-deep oil and gas reserves and other harder-to-extract resources to meet the demand.

CNOOC is China’s third largest national Oil Company.