Petrochina have announced the discovery of a 308.2 billion cubic meter (bcm) gas field in China’s southwest Sichuan Basin, according to Reuters.
As the world’s fourth largest consumer of gas, China is investing heavily in exploration of domestic sites.
PetroChina is now building a production facility able to pump 4 bcm a year under phase-1 development, which is to be followed by another 6 bcm/year in a second phase.
PetroChina gave no timeline for the development and did not say how much it would cost. PetroChina officials were not immediately available for comment.
The find is “set to provide abundant gas resources to the national gas grids,” said a report issued by Petrochina.
China’s largest gas find was announced in 2001 at the Sulige field, in northern China’s Ordos basin, also operated by PetroChina. That find held proven geological reserves of 533.7 bcm of natural gas as of 2003.
PetroChina has since 2011 drilled two exploration wells – Gao Shi-1 and Moxi-8 – in An’yue field, both striking high gas flows, according to the PetroChina report.
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