CNPC to Focus Exploration Efforts to the North and West
It is hoped that discoveries in these areas will gradually replace the depleted oilfields in eastern China. CNPC also hopes to discover natural gas reserves as well. The most promising areas are the Sichuan Basin in the southwest, the Erdos Basin in the north and the Tarim Basin in the west.
During the meeting, the senior management of CNPC also hoped that innovations in geological science as well as engineering technologies can be made in the next few years, especially when the Group's prospecting teams meet the testing geological conditions of the West, which includes the Gobi Desert and several mountain ranges.