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Sinopec To Double Gas Reserves in Mongolia

Sinopec"s subsidiary Northern Company reported about its newly proven natural gas reserves

Sinopec To Double Gas Reserves in Mongolia

China?s largest oil producer Sinopec?s subsidiary Northern Company reported about its newly proven natural gas reserves of 142.959 bln cubic meters in the Daniudi Gas Field, in the Inner Mongolia Autonomous Region.

The latest finding raised the total gas reserves in 2.20 times the gas reserves recorded at the end of 2003.

Based on the discovery, a gas production base capable of producing 1.0 bln cu m of natural gas per annum could be created.

The prospecting report filed by the North Company indicated that there might be another 129.967 bln cu m of gas yet to be verified in the Daniudi Gas Field, which could help guarantee industrial gas production of 3.0 bln cu m per annum from the field.

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