FACTBOX-Oil, gas potential in disputed South China Sea

Fri Feb 8, 2013 3:41am GMT

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Feb 8 (Reuters) - The South China Sea holds around 11 billion barrels of oil
and 190 trillion cubic feet (tcf) of natural gas in proven and probable
reserves, surpassing the untapped resources in Europe, the U.S. Energy
Information Administration said.
    China claims ownership of the entire South China Sea, including the Spratlys
which is claimed in whole by Taiwan and Vietnam and in part by Malaysia, Brunei
and the Philippines. 
    The EIA estimated the Spratlys could contain between 800 million and 5.4
billion barrels of oil and 7.6 to 55.1 tcf of natural gas in undiscovered
resources.
    The following shows the estimated energy output for 2011 in the South China
Sea by country, and also indicates the companies involved. (Oil is estimated in
1,000 barrels per day, while natural gas is in billion cubic feet.)
    
 Country         Oil     Natgas  Oil firms
 Brunei          120     400    Petroleum Brunei, BHP Billiton, 
                                ConocoPhillips, Hess Corp,
                                Kulczyk Oil Ventures, Mitsubishi Corp
                               , Murphy Oil, Petronas, Polyard
                                Petroleum, QAF Brunei, Royal Dutch
                                Shell, Total 
 China           250     600    CNOOC, Sinopec, CNPC, BG
                                Group, BP, Chevron,
                                ConocoPhillips, Eni, ExxonMobil 
                               , Husky, Newfield, 
                                Shell, Total
 Indonesia        60     200    Pertamina, PetroChina, CNPC,
                                ConocoPhillips, Eni, ExxonMobil, Husky, KUFPEC,
                                Petronas, Santos, Statoil,   
                                Total
 Malaysia        500   1,800    Petronas, Lundin, BHP Billiton, ConocoPhillips,
                                ExxonMobil, Hess, KUFPEC, MDC O&G, Murphy Oil,
                                Nippon, Petrofac, Roc Oil,
                                Shell, Talisman Energy 
 Philippines      25     100    PNOC, ExxonMobil, Shell
 Thailand          -       -    BG Group, Chevron, Shell
 Vietnam         300     300    KNOC, ConocoPhillips, Geopetrol, Premier Oil 
                               , PTTEP, Santos, SK Corp,
                                Total, Zarubezhneft
 Source: EIA

 (Compiled by Randy Fabi; Editing by Muralikumar Anantharaman)