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Kaiping South Oilfield, at 19°30′N 113°00′E / 19.5°N 113°E in the South China Sea, is the site of a light crude discovery in 2024 by China National Offshore Oil Corporation (CNOOC). The oilfield is in the Pearl River Mouth basin and is estimated by CNOOC to be 10^8 tons, or about 0.7 billion barrels.
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edit- Hayley, Andrew (March 7, 2024). "China's CNOOC makes 100 million ton oilfield discovery in South China Sea". Reuters.