BEIJING — China National Offshore Oil Corp. (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday.
The newly found Huizhou 19-6 oilfield is not in a disputed part of the South China Sea and lies within China's Exclusive Economic Zone, which runs for 200 nautical miles or 370 km from its coast.
