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2009-1-8 02:37:00 p.m. HKT, XFNA
PetroChina Xinjiang gas field 2008 proven reserves rise 100 bln cubic meters
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| BEIJING (XFN-ASIA) - Xinjiang gas field operations run by PetroChina had new proven reserves of over 100 bln cubic meters in 2008, parent China National Petroleum Corp said.
The company made two major discoveries in Junggar basin last year, CNPC said in a statement on its website.
PetroChina's major oil and gas exploration assets are in Xinjiang in northwestern China.
Junggar basin in Xinjiang contains 8.6 bln tons of oil and 2.5 trln cubic meters of natural gas reserves, with current proven rates at 23 pct and 4 pct respectively, CNPC has said.
The Mahe gas field, the first large field discovered in the Junggar basin, entered commercial operations in November 2007, with daily production of 1.3 mln cubic meters.
kelly.zang@xfn.com |
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