10 minutes agoLarge oil and gas fields discovered in China
Periskopi(7 years ago)
(7 years ago)China's National Petroleum Company (CNPC), China's producer and biggest supplier of oil and gas in the country, has discovered a new reservoir in the open sea in north-west China containing more than a billion tonnes of reserves. A significant breakthrough came from an exploration of the Ordos Lake 7, with reservations [...]
A significant progress came from an exploration of the Ordos 7 st, with proven reserves estimated at 358 million tonnes, while estimated reserves could reach 693 million tonnes.
“This means that one area containing a billion tonnes of reserves has been discovered in the large Qingeng oil field,” the company said in a statement.
The oilfield will produce a total of 640,000 tonnes of oil this year, with annual output expected to reach three million tonnes in the near future, said Li Luguang, deputy head of PetroChina, a CNPC subsidiary.
Petro China also reported that some 740.9 billion cubic metres of proven gas reserves have been found in the Changning-Voyan and Tyang countries in the Sichuan basin, which means that the total reserves are 1.061 billion cubic metres in the area.
