| In short |
|
The discovery of a new oil and natural gas deposit in Beibu bay represents a significant advance for China. Located more than 4,800 meters below the surface, this deposit could provide up to 102 tonnes of oil and 373,560 cubic meters of natural gas per day. This news could transform the energy dynamics of the region and strengthen China’s position on the world scene.
A strategic deposit for China
The Weizhou 10-5 deposit, discovered by the National Offshore Oil Corporation China (CNOOC), is estimated at more than 200 million euros annually. This discovery is the result of many years of research and development in the field of oil exploration. The region is known for its complex geological training, making the discovery of natural resources a real challenge.
Thanks to advanced technologies, CNOOC has succeeded in identifying this deposit, thus proving its expertise and its ability to overcome geological obstacles. It is a major advance that could reduce China’s dependence on energy importsa strategic objective for the country.
Gas heating: the end of an era?
Technological challenges of extraction
The discovery of this deposit is only the first step. The extraction of oil and gas at such depths has considerable technological challenges. Complex rock formations, dating from paleozoic, require advanced drilling techniques to be effectively exploited.
CNOOC also plans to adopt CO2 capture technologies to limit the environmental impact of the farm. This approach could mark an important step towards a more sustainable exploitation Fossil resources, thus meeting increasing concerns concerning climate change.
You waste hundreds of euros each year: this incredible energy tip to save up to 200 euros by changing your contract now
Economic and geopolitical impact
Beyond the technical aspects, the discovery of this deposit has considerable economic and geopolitical implications. By strengthening its energy independence, China could modify the balance of global energy exchanges. The country, the world’s leading energy consumer, could reduce its imports and strengthen its position on the overall energy market.
In addition, this discovery comes in a tense regional context, where energy resources are often at the heart of rivalries. China’s ability to effectively exploit this deposit could have repercussions on its relations with its neighbors and its presence in the Asia-Pacific region.
Detailed financial estimates
The financial estimates of the Weizhou 10-5 deposit are impressive. Based on March 2025 market prices, natural gas could bring about 503,200 euros per day, while crude oil would generate around 48,397.50 euros per day. In total, this represents a daily value of 551,597.50 euros, or more than 200 million euros per year.
| Resource | Quantity per day | Daily value |
|---|---|---|
| Natural gas | 373 560 m³ | 503 200 € |
| Crude oil | 102 tonnes | 48 397,50 € |
| Total | 551 597,50 € |
These figures highlight the economic importance of this deposit for China, further strengthening the strategic interest of this discovery for the country.
The discovery of the Beibu bay deposit illustrates China’s ability to innovate and overcome technological challenges to preserve its energy future. While the country continues to seek means to reduce its dependence on imports and strengthen its global position, how will this discovery influence China’s economic and political relations in the years to come?
This article is based on verified sources and the assistance of editorial technologies.
Did you like it? 4.5/5 (28)
