CNPC’s Xinjiang Field Produced 1.4bcm of Gas in H1

CNPC’s Xinjiang field produced 5.6 million tons of crude oil and 1.4 billion cubic meters of natural gas in the first half of 2016.

According to a company statement, first half oil production was 52% of the target while gas production was 49.2% of the planned output.

Xinjiang oil province is located in the Junggar basin in northern Xinjiang Uygur Autonomous Region, where Karamay oilfield, China’s first large oilfield was discovered. The total oil and gas resource in Junggar is estimated at 10.7 billion tons, including 8.68 billion tons of oil and 2.5 trillion cubic meters of gas.

Meanwhile, CNPC also stated that its unit PetroChina Southwest Oil and Gasfield Company sold 12.27 bcm of natural gas during Jan 1-Aug 8, up 12.8% on year.

PetroChina Southwest Oil and Gasfield Company is a regional company of PetroChina Company Limited. It is mainly engaged in oil and gas exploration and development, oil and gas gathering and transmission, marketing and logistic services business in Sichuan and Xichang basins.