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.
XaFu(Xu7 {|Ew]Wq 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.
SZGeF;N ?kOt K 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.
YA7h! %52) <2{CR0]u It would be the country' fifth-biggest gas field after the Tarim, Qaidam, Shaanxi-Gansu-Ningxia and Sichuan basins, according to industry experts.
yr p;G _ 1e Wl:S} "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.
9XU"Ppv <r[5 S5y "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).
