CNPC Makes Natural Gas Find In Sichuan Basin

A unit of Chinese state-owned China National Petroleum Corp., Southwestern Oil and Gas Co., has found natural gas in the northeastern region of gas-rich Sichuan Basin, CNPC said.

Tests at exploration well Qilibei-1, within the Qilibei structure, showed daily gas flows of 800,000 cubic meters.

The company said it hopes the Qilibei structure has the potential to be developed into a major gas field.

Gas reserves at Qilibei are estimated at 35 billion cubic meters.

Qilibei is located next to Luojiazhai, a big gas field under the management of CNPC's listed unit, PetroChina Co.

Proven reserves at Luojiazhai are over 58 billion cubic meters. Daily gas output at test wells Luojia-11H and Luojia-16H-1 are 3 million cubic meters and 2.6 million cubic meters, respectively.

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Fluids Analysis Specialist
Expertise: Chemist|Geochemist
Location: Houston
Senior Geophysicist / Geologist
Expertise: Geologist|Geophysicist
Location: Knoxville, TN
Asset Analyst
Expertise: Asset Management|Financial Analyst
Location: Dallas, TX
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours