However, according to a newer USGS study in 2010, there is a 95% chance that there is at least 750 million barrels of oil in the South China Sea Platform, a median chance of around 2,000 million barrels, and a low probability (5%) of over 5,000 million barrels.
The South China Sea Platform, according to geologists, is an area rich with source carbon and has the perfect geological conditions necessary for hydrocarbon development, particularly oil. It includes the area containing the Spratly Islands, Dangerous Ground, and the Reed Tablemount – all disputed South China Sea claims.
http://www.forbes.com/sites/timdaiss/2016/05/22/why-the-south-china-sea-has-more-oil-than-you-think/#59cf41123a3f
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