Tech & Sci
21:23, 02-Jun-2018
Oil exploration and development makes significant progress in NW China
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China's Xinjiang Oilfield has made significant progress in exploring and exploiting the Mahu oildom's permian system, announced China National Petroleum Corporation on May 28.
Mahu is an expanding oildom which was discovered in 2017 in the middle of Junggar Basin. Now, an exploratory well in the Mahu oildom 014 produces more than 100 tons of oil per day, proving that the oildom has resources to become a billion-ton oilfield.
An official report says that 1.24 billion tons of crude oil has been discovered, of which more than 500 million tons are proven reserves. This newly discovered oildom will definitely play an important role in stabilizing crude oil production in China.