PetroChina's new oilfield may have reserves of 2.2 bln barrels
28/3/2007 10:34
PetroChina, China's leading oil producer, estimates the reserves of the
oilfield it has recently discovered in Baohai Bay, eastern China, at 2.2 billion
barrels, sources with the overseas-listed company said today.
According to the company sources, the daily output of the newly found
oilfield, which is located at the Nanpu block of PetroChina's Jidong Oilfield at
Bohai Bay, will likely reach 200,800 barrels in three years.
The newly found oilfield is the largest China has discovered over the past
ten years, according to PetroChina.
The sources said PetroChina would announce some details about the newly found
oilfield in May or June.
Xinhua
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