China Continues String Of Discoveries With Giant New Gas Field

China’s state-run CNOOC oil and gas giant has announced the discovery of what Chinese media are referring to as a large, deep-reservoir coalbed methane field with proven geological reserves of over 100 billion cubic meters (bcm) of natural gas. A discovery of this magnitude represents CNOOC’s second major onshore gas discovery, which is being heralded as a major step towards expanding China’s unconventional production.  The discovery also represents the country's first deep coalbed methane field. The Shenfu coal seam…