CNPC Aims to Produce 11 Bcm of Gas From Sinchuan Field
China National Petroleum Corporation (CNPC) said Friday it plans to extract 11 billion cubic meters of natural gas annually in next few years from a newly discovered field in Sichuan Basin in southwest China, reports news agency Xinhua.
The gas field has proven reserves of 440 billion cubic meters, about 300 billion of which can be explored with existing techniques.
According to Xinhua the gas block in trial operations can yield one billion cubic meters of gas annually. Construction has also started on a six-billion output capacity, CNPC said.
The company performed an ignition test on a well in the block on Friday.
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