China’s Sinopec flags new oil and gas find in Xinjiang – Reuters

China’s Sinopec flags new oil and gas find in Xinjiang – Reuters

Aug 25 (Reuters) - China's state-run energy major Sinopec said on Wednesday it had discovered a new 100-million-tonne oil and gas field in the Shunbei area of the Tarim Basin in the country's Xinjiang region.

An exploration well drilled by the company's northwest China unit achieved a daily flow of 865 tonnes (6,315 barrels) of crude oil and 590,000 cubic metres of natural gas, Sinopec said on Weibo, a Twitter-like microblogging platform.

It gave no precise resource estimate, saying only that more than 100 million tonnes of oil and gas had been discovered.