The newly confirmed recoveries are 358 million tons, and expected reserves amount to 693 million tons. China Petroleum also announced that in the Sichuan Basin shale gas survey, cumulative confirmed reserves amounted to 1,061.03 billion cubic meters. This year’s production is scheduled to be 7.7 billion cubic meters, with an annual production capacity of more than 10 billion cubic meters by the end of the year.
Japan JST China news, September 30, 2019
China discovers 1 billion ton class new oil field in Gyeongsang, Shaanxi Province