The Chinese company PetroChina announced it discovered new gas reserves of over 115 billion cubic meters in its southern Xinjiang province.
State-run PetroChina ’s Tarim oilfield has claimed that it discovered a huge gas field with an estimated reserve of 115.3 billion cubic meters in Xinjiang's Tarim Basin, Xinhua news reported on Thursday.
PetroChina is country’s largest oil and gas producer.
"[Company] completed a successful test of a well in the gas field with a daily output of 418,200 cubic meters of natural gas and 115.15 cubic meters of gas condensate," said Tian Jun, company's vice general manager, according to the news report.
It is estimated that the gas field contains 115.3 billion cubic meters of natural gas and 21.66 million tons of gas condensate, he said.
The company expects to start production in November, the report said.