PetroChina's Qinshui Holds Largest CBM Reserves in China

PetroChina has discovered 115.2 billion cubic metres of proven coalbed methane reserves in the Qinshui basin in northern Shanxi province, the largest in China.

China's state reserve evaluation agency has endorsed 30.8 Bcm of new proven deposits in the Zhengzhuang Block after earlier approvals of 84.4 Bcm of proven deposits in Fanzhuang and Zhengzhuang Blocks, the China Petroleum Daily reported.

The blocks in Qinshui basin are being developed by PetroChina's Huabei Oilfield unit, and another PetroChina unit, PetroChina Coalbed Methane Gas Company, which worked in other regions.

Source: Upstream