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In addition to the Bohai Bay discovery discussed on the previous page, a major gas field was discovered in Sichuan province, southwest China. According to officials in Dazhou, a cumulative 134 Tcf (3.8 Tcm) of gas has been found in the western part of the Sichuan basin, of which 49.4 Tcf (1.4 Tcm) were found in 2007. (The exact timeframe this amount was discovered is unclear.) Included in the above amount is 8.6 Tcf (244 Bcm) of newly-discovered, proven exploitable reserves, plus an already-announced 12.6 Tcf (356 Bcm) in Puguang gas field.
There were two other recent discoveries in China. One is a 1.1 Tcf (30 Bcm) gas field discovered in Karamay, the Junggar basin, Xingiang Uygur Autonomous Region; the other discovery is in the Tarim basin, where Sinopec discovered oil in Block 12, at Tahe, with original oil-in-place geological reserves of up to 1.58 Bboe (200 million t of oil equivalent).
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Houston, TX - November 4-5
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