PetroChina announced new and significant shale discoveries on Sunday in a move likely calibrated to catch the eyes of Beijing’s policymakers in the run-up to China’s 70th anniversary this week.
The state-run oil and gas company said it had discovered 740.9 billion cubic metres of new proven shale gas geological resources in the Changning-Weiyuan and Taiyang blocks in the Sichuan Basin, a prolific gas production hub in southwestern China. The find increased the NOC’s total geological resources of shale gas in the basin...
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