CHINA New oil reserve discovered in China’s Shengli Oilfield approved by authorities

CHINA

New oil reserve discovered in China’s Shengli Oilfield approved by authorities

People's Daily app

11:25, October 05, 2020

Shengli Oilfield, China's second-largest oilfield, discovered a new geological reserve of petroleum, which is equivalent to a medium-sized oil field. Recently, the discovery has been approved by the Ministry of Natural Resources.

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File photo: CCTV

The 31 million-ton-reserve involves 26 blocks of 10 oil fields and the exploitable reserve of which is more than 5 million tons. The reserve also features good physical properties, high productivity and mobility.

(Compiled by Wang Pengda)


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