Oil and natural gas output from two of China’s leading fields again crept upward last year, according to reports that cited data from China National Petroleum Corp. (CNPC) and China Petroleum and Chemical Corp. (Sinopec). Oil and gas production in the Tarim Oilfield, China’s largest ultra-deep onshore play, hit a record 33.1 million tons (Mt)…
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Huge Oil, Natural Gas Discovery Reported in China’s Tarim Basin
A China National Petroleum Corp. (CNPC) subsidiary has made a giant oil and natural gas discovery totalling an estimated 1 billion tons of reserves in the prolific Tarim Basin in northwestern China, according to reports. “This has been the largest discovery of oil exploration in the Tarim Basin in the recent decade,” Tarim Oilfield Co.’s…
June 24, 2021
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