China Petroleum & Chemical Corporation, Sinopec, announced a significant shale gas discovery in the country鈥檚 Sichuan basin in southwestern China on Tuesday.
With a daily natural gas production of 258,600 cubic meters and an evaluated resource capacity of 387.8 billion cubic meters, Sinopec described the discovery as 鈥渁 major breakthrough for China鈥檚 shale gas exploration鈥�.
The Chinese national oil company said the discovery is also the first discovery in the Cambrian Qiongzhusi formation, adding that the find has significantly expanded shale gas reserves and would further promote shale gas exploration and production in the Sichuan Basin.
By Sibel Morrow
Anadolu Agency
energy@aa.com.tr