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Petrochina Launches Development Of Gas Field On North West

The Chinese company PetroChina has started developing a second batch of gas fields

The Chinese company PetroChina has started developing a second batch of gas fields in the northwestern Tarim basin to feed China's flagship west-east pipeline, the China Oil Daily reported on Monday.

The state-owned oil company has started development of the Yingmaili field, which comprises three blocks with proven gas reserves of 65.6 billion cubic metres (bcm) and condensate reserves of 26 million tonnes, the newspaper said.

It will have an annual production capacity of 2.5 bcm of gas and 500,000 tonnes of condensate when development finishes in December 2006.

PetroChina will also develop other fields including the Dina and Hotan River fields, the report said.

PetroChina started full commercial operation of the 4,000-km (2,485-mile) pipeline at the end of last year, supplying gas from the remote deserts of Xinjiang province to industries, power plants and households in the booming east.

The total amount of gas sold via the pipeline is expected to rise to 4.0 bcm this year -- about one-tenth of China's total gas production -- up from 1.3 bcm in 2004.