Petrochina company limited announces significant results in oil and gas exploration

Petrochina company limited announced that the company has made significant progress in the exploration of unconventional oil and gas. in ordos basin, significant discovery was made in chang 7 oil source bed exploration, namely an additional proved original oil in-place of 358 million tons, an estimated original oil in-place of 693 million tons, which means a discovery of qingcheng large oil field of a billion tons scale. in sichuan basin, significant progress was made in shale gas exploration, namely an additional proved original gas in-place of 740,971 million cubic meters in changning-weiyuan and taiyang areas, adding up to a total of 1,061,030 million cubic meters proved original gas in-place, and forming a large shale gas area of trillion cubic meters scale in sichuan basin. the above-mentioned original oil and gas in-place of these fields have been reviewed and confirmed by the reserves assessment office of ministry of natural resources of the people’s republic of china.
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