Major Natural Gas Reservoir Find for CNPC

From Penn Energy

A major breakthrough was made by CNPC in natural gas exploration in the Sichuan Basin. As certified by the Ministry of Land and Resources, the newly added proven gas in place in the Longwangmiao formation of Cambrian system in the Moxi block of Anyue gas field is 440.385 billion cubic meters, with technically recoverable reserves hitting 308.2 billion cubic meters.

This is the largest monomer marine uncompartmentalized carbonate gas reservoir discovered in China up to now, featured by large reserve scale, broad gas-bearing areas, high formation pressure, high gas flow, and superior gas components. The production test has obtained average per well daily output of 1.1 million cubic meters, and the wells in production yield at 0.6 million cubic meters per day averagely.

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