China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin. 

China

The state-owned company said on Chinese social media that it had discovered 100 million tons of oil and gas resources in the legacy-producing region, according to Reuters. That’s roughly the equivalent of 733 million bbl of oil. 

An exploration well drilled in the field in Northwest China produced about 6,315 b/d of oil and 20.8 MMcf/d of natural gas, the company said. No further details were provided.

The Xinhua news agency also reported that another state-owned operator, China National Petroleum Corp. (CNPC), made an unconventional oil discovery in the Daqing oilfield in Northern China. Xinhua said CNPC estimated 1.27 billion tons, or 9.3...