China Discovers Gas Field in the South China Sea

``CNOOC is especially pleased with the expected volume of the Lingshui 17-2 gas field. CNOOC manager Xie Yuhong was paraphrased by Xinhua as saying that "the well would produce 56.5 million cubic feet of gas per day, equivalent to about 9,400 barrels of liquid oil per day." ... Xie also said the gas field "could be very large," which Xinhua defined as "generally" meaning "at least 30 billion cubic meters" of gas. The discovery is still awaiting further testing to confirm the estimates.''