Xinjiang

CNPC announced in late 2018 an oil discovery at Mahu in the Junggar basin which has 400 million tons of oil in place, one of the largest oil finds onshore China in years. Roughly 100 million tons will be technically recoverable.

Mahu’s annual output will top three million tons per year in three years, a big addition to the 10-million ton per year Xinjiang field.

Calling it a breakthrough in an earlier untapped region, PetroChina Co in late 2018 struck sizeable oil and gas flows in exploration well Zhongqiu-1 in the Tarim basin.

Zhongqiu-1 tested a daily natural gas flow of 330,000 cubic meters and condensate of 21.4 cubic meters. The well is located in the southern part of Kuche trough in the Tarim basin, part of a 5,200 square-km exploration zone.