Huge Chinese oil field may be bigger than thought

Latest explorations indicate that China’s newly found Jidong Nanpu oil field in Bohai Bay may have more reserves than previously estimated, state media reported Thursday.

“The Jidong Nanpu oil field has huge and quality reserves of up to five million tonnes per square kilometre,” PetroChina president Jiang Jiemin said on Wednesday, according to the China Daily.
“The one-billion-tonne (7.35-billion-barrel) reserve announced earlier is not the final figure. As our explorations deepen, we expect to discover more reserves.”

Corroborating Jiang, Zhai Guangming, Jidong Oil field’s first general manager, said that even half of Bohai Bay’s resource has not been tapped.

Turkish Press