Reports noted that China's offshore oil and gas company CNOOC Ltd. has discovered a new oil find in Bohai Bay offshore in northern China. Qinghuangdao 35-4-3, at a depth of about 26 metres, was pumping some 1,700 barrels of crude oil and more than 100,000 cubic metres of natural gas a day. 1

• 1. “China’s CNOOC in new discovery in Bohai Bay,” Xinhua, November 1, 2009, at http://www.reuters.com/article/rbssEnergyNews/idUSPEK8375120091101