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.
Z@2^> eC {$-lXw4 Last month, Wang Yupu, president of Daqing Oilfield Co Ltd, said a preliminary probe showed that the gas field has reserves of at least 100 billion cubic metres.
97l<9^$ "4NcszEN 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.
OyH>N/ i/ E" E7 It would be the country' fifth-biggest gas field after the Tarim, Qaidam, Shaanxi-Gansu-Ningxia and Sichuan basins, according to industry experts.
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$ @g\wz "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.
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2;6!_ "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).
