Puguang named 2nd largest gas field

The Ministry of Land and Resources recently confirmed that the Puguang Gas Field in Southeast China’s Sichuan Province has become the country’s second largest, with verified reserves reaching 356.072 billion cubic meters.

…”About 70 to 80 percent of China’s oil and natural gas resources have not yet been detected,” Liu said. “The new oil and gas fields in the marine strata will greatly ease China’s shortage of oil and natural gas.”

Ninety percent of the world’s verified oil and gas reserves lie in the marine strata and China has 4.5 million square kilometers of them, which accounts for almost half of its total land area, sources said.

China’s largest gas field, the Sulige Gas Field in the Inner Mongolia Autonomous Region, has verified reserves of 533.6 billion cubic meters and went into production last year.

Xinhua