China discovers 100 million ton oilfield in northwestern Xinjiang

Source:Global Times Published: 2020/4/9 14:28:17

Staff members work at Kela-2 gas field of the Tarim Oilfield in Aksu, northwest China's Xinjiang Uygur Autonomous Region. Photo: Xinhua



China has discovered an oilfield in the Tarim Basin, Northwest China's Xinjiang Uygur Autonomous Region which is estimated to contain more than 100 million tons of crude oil.

Mantan One Well, located in the Tarim Basin of Xinjiang and developed by the Tarim Oilfield branch of China National Petroleum Corp, contains 54-meter oil and gas reservoirs that could produce 624 cubic meters of crude oil each day and 371,000 cubic meters of natural gas, according to tests. 

The drilling depth hits 7.67 kilometers.

The reservoirs represent 38 percent of total oil and gas resources in the Tarim Basin, China's largest oil and gas-bearing basin with resources exceeding 17.8 billion tons. In 2019, the Tarim Oilfield oil output exceeded 28.51 million tons. 

A large-scale oilfield with a 30 million ton oil production capacity is expected to be built by the end of 2020. 

Global Times



Posted in: ECONOMY,COMPANIES

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