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21

Petrochina To Release Longgang Reserve Estimates

PetroChina Co Ltd will release official gas reserve estimates for Longgang field

PetroChina is to release official gas reserve estimates for Longgang field in southwestern China's Sichuan province in October, the China Business News reported.

The field holds at least 300 bln cubic meters of natural gas, estimated conservatively. It may contain as much as 1 trln cubic meters, equivalent to 1 bln tons of crude oil.

Currently, PetroChina's Sulige field in the Ordos Basin is the largest with proven reserves of 533.6 bln cubic meters. Sinopec's Puguang field in Sichuan is second with proven reserves of 350 bln, the paper said.