News Snapshot:
The new reserve, certified by the Ministry of Natural resources, raises the field’s total proven reserve to 114 Bcm, Sinopec said. Key reservoirs of the field, spread over 138 sq km in the western part of the basin, are buried 6,000 m below the surface and are high in acidic content, it said. Sinopec in October announced some 192 Bcm of certified new reserve at its top shale gas project Fuling, China’s first major commercial development of the unconventional resource that sits also in the Sichuan Basin. China sees natural gas a key bridge fuel on its long journey to...