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The Chunxiao natural gas field (known as Shirakaba gas field in Japanese) lies in the East China Sea within the Chinese Exclusive Economic Zone (EEZ) and only 4 km from the EEZ border claimed by Japan. The Chunxiao field is the first of a group of four natural gas fields in the Xihu Trough being developed by China: the other ones are Tianwaitian, Duanqiao, and Canxue.
Production from the field started on January 28, 2006.1 CNOOC and Sinopec operate the site. Unocal and Shell withdrew from the project in late 2004 for reasons of high costs, unclear reserves, and the territorial dispute.
CNOOC estimates net reserves of the field at 31.6 billion BOE, of which oil comprises 3.8 billion barrels and natural gas the rest (166.9 billion cubic feet or 4.7 billion cubic metres).
References
- ^ "CNOOC taps gas field amid border flap with Japan." Wall Street Journal. April 6, 2006, p. A13.
External links
- Major properties under production and development. CNOOC Limited. Retrieved Nov. 1, 2005.
- Chunxiao oil/gas field to be completed this October. People's Daily Online. April 21, 2005.
- Little progress in gas field talks between Japan and China. Foreign Press Center Japan. June 6, 2005.
- Japan's provocation in East China Sea. People's Daily Online. July 21, 2005.
Wikipedia content modification information:
- This page was last modified on 6 August 2008, at 21:16.
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