China/South China Sea: Beijing Pushes Offshore Oilfields in the Bohai and South China Seas

Nov 28, 2014 | Want China Times
View Original

The General Office of the State Council of China has announced plans to develop nine large oilfields in the Bohai Sea and the South China Sea to secure its energy sources, reports our Chinese-language sister newspaper Want Daily.

It is the first time that Chinese government has proposed to develop large oilfields in the South China Sea. The oilfields will be able to produce over 10 thousand tons per year, according to estimates in the plan set for 2014-2020.

Guidelines target offshore oilfields and pledge to maintain existing oilfields and develop new ones on land, according to the Hong Kong Commercial Daily. China has rich oil and natural gas resources along its coasts that span across more than one million square kilometers.