PetroChina has said that proven reserves at its Jidong Nanpu oilfield in north-east
Including reserves from onshore, the ultimate proven reserves of Nanpu oilfield are expected to hit around 2 billion tonnes. The Nanpu oilfield has combined proven, probable and possible reserves of 1.18 billion tonnes of oil equivalent, the Ministry of Land and Resources certified in August. The present proven reserves are certified at 445 million tonnes oil equivalent. It may take approximately five to six years to confirm the new reserves, and exploration efforts will be made simultaneously with extraction work on current proven reserves, stated officials of PetroChina to media.
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