China's Deep-Water Oil Production Surges

The successful secondary development of China's first deepwater oil field, the Leo Hua Field, has surpassed a cumulative production of two million tons of crude oil since it began operation in September 2024. Located in the Pearl River Estuary in southern China, it is the country's largest offshore sandstone oil field and has proven reserves exceeding 40 million tons since production started. The project relies on an upright floating facility for storing and offloading oil and gas, a deepwater platform, and an underwater production system, with 32 production wells in operation, reaching a daily output rate of 3,900 tons. This achievement represents a significant step in China's capabilities to explore and develop oil and gas in deep waters, exceeding depths of 300 meters, thereby strengthening the country’s future oil resources independently.

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