PetroChina Makes Discovery in Gansu Province

PetroChina has made another oil discovery in Changqing oilfield located in the northwest province of Gansu. The province already holds proven reserves of 61.3 million tons. The discovery was made near the city of Xifeng and showed estimated reserves of 134 million tons. Changqing produced 5.2 million tons of oil and 3.7 billion cubic meters of natural gas in 2001.
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Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
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