State-owned China National Offshore Oil Corp Ltd (CNOOC Ltd) has made a significant light crude oil and gas discovery on the Jinzhou 25-1 field in Bohai Bay offshore northeast China. State-owned Assets Supervision & Administration Commission (SASAC) said CNOOC Ltd's discovery, which was in the "100m tonne class" (733m bbl) was the largest light oil and gas find in Bohai Bay, where 80% of the oil is heavy.
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