BEIJING, Dec. 15 - A new natural-gas field in Northeast China has proven reserves of 100 billion cubic metres more than double this year's estimated production Daqing Oilfield said yesterday after a State expert team verified the find.
' }NH$ KA ]PXpzruy Last month, Wang Yupu, president of Daqing Oilfield Co Ltd, said a preliminary probe showed that the gas field has reserves of at least 100 billion cubic metres.
vYG$>* 2l4`h)_q The new gas field, named Qingshen, is located under Daqing oilfield in Heilongjiang Province, which produced 46.4 million tons of crude oil last year.
n L! nzA _Hq)mF It would be the country' fifth-biggest gas field after the Tarim, Qaidam, Shaanxi-Gansu-Ningxia and Sichuan basins, according to industry experts.
qk(u5Z s-xby~ "The discovery is of strategic importance to PetroChina's long-term development blueprint of 'stabilizing output in the east while stepping up development in the west,'" Daqing Oilfield, a PetroChina subsidiary, said in a report.
#.\X% ! u+e.{Z! "The find will add to the energy potential of Daqing, whose oil reserves are on the decline," said Gong Jinshuang, a senior oil and gas analyst with the research arm of PetroChina's parent company, China National Petroleum Corp (CNPC).
