CNOOC’s shares ended 1.4 per cent lower at HK$13.70 on Tuesday in Hong Kong. The Xingwang deep-sea semi-submersible drilling platform at Liwan3-2 gas field in the South China Sea, south China. Photo: Xinhua

Why investors are shrugging off CNOOC’s big offshore gas find in northeast China

  • The discovery is the biggest by a Chinese energy giant in Bohai Bay in half a century
  • But not all of the reserve will be tapped and it will take years of investment to determine the amount of reserve that can be economically pumped
Topic |   Energy

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CNOOC’s shares ended 1.4 per cent lower at HK$13.70 on Tuesday in Hong Kong. The Xingwang deep-sea semi-submersible drilling platform at Liwan3-2 gas field in the South China Sea, south China. Photo: Xinhua
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