China Develops New Gas Field in Beibu Gulf

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Last updated at: (Beijing Time) Thursday, June 20, 2002

China Develops New Gas Field in Beibu Gulf

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China is developing a new gas field in the Yinggehai waters of the Beibu Gulf, South China Sea.

Dongfang 1-1 gas field, 113 km from Dongfang City on the west coast of Hainan Island, is to be independently developed by China Offshore Oil Corporation.

According to corporate sources, gas reserves in the region are estimated at 96.68 billion cubic meters. On completion, the field will produce 2.4 billion cubic meters a year.

The field will be developed in two stages. During the first phase, two platforms, D and E, will be erected and 12 wells sunk, said corporate sources.

In the second stage, workers will install two more platforms, A and B, and sink another ten wells. Two seabed pipelines, one seabed cable, as well as one land terminal will also be built.

Total investment for the project is estimated at 3.27 billion yuan (394 million U.S. dollars), said the corporate sources.

Gas from the project will be channeled to supply a local chemical fertilizer project in Hainan Province, a power plant in Yangpu in Hainan and Haikou City, the provincial capital, for enery production and domestic use.

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