China gas field adds 83 billion cubic meters in reserve

Time:2020-11-16 15:17:17      Source:Xinhuanet.com

Southwest China's Chuanxi gas field has added 83 billion cubic meters in proven reserves of natural gas, said the Sinopec Group.

The latest discovery puts total proven reserves of the gas field so far at 114 billion cubic meters, the company said.

Located in the western edge of the Sichuan Basin, the 138-square-km Chuanxi gas field has its main reserves stashed at around 6,000 meters underground.

Sinopec's subsidiary in southwest China discovered the gas field in 2018 and has developed 11 wells since last year, seven of which were completed and are delivering outputs, according to the company.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-18
Shuozhou 5200 435 0 FOR 06-18
Ordos 5500 415 0 ex-mine 06-18
Yulin 6200 535 0 ex-mine 06-18
Liulin Low-sulphur 560 0 ex-mine 06-18
Gujiao Low-sulphur 1095 0 FOR 06-18
Xingtai Low-sulphur 1210 0 ex-Factory 06-18
Yangquan PCI 770 0 FOR 06-18
Index RMB/t WoW WoW% Date
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