China's energy sector reached a new milestone as the Kenli 10-2 oilfield, the country's largest offshore lithologic reservoir, commenced production on July 22. Located in the southern Bohai Sea, the field contains proven geological reserves exceeding 100 million tonnes, equivalent to approximately 730 million barrels of oil.
The development signals strengthened energy security for the world's second-largest economy while presenting fresh opportunities for global energy investors. Analysts note the project's strategic timing as Asian markets seek stable hydrocarbon supplies amid shifting global trade patterns.
Operated by China National Offshore Oil Corporation (CNOOC), the field utilizes advanced directional drilling technology to maximize extraction efficiency. Company representatives emphasize the operation adheres to environmental protection protocols, with real-time monitoring systems tracking marine ecosystem impacts.
Economic observers highlight the project's potential to stimulate regional development through supply chain partnerships and port infrastructure upgrades. The Bohai Bay area, already responsible for 60% of China's offshore oil production, strengthens its position as an energy production hub.
While exact production targets remain undisclosed, industry projections suggest the field could eventually account for 5-7% of China's annual offshore crude output. The development coincides with increased domestic refining capacity expansions along China's eastern coast.
