PetroChina boosts exploration budget
Posted on Oct-21-2007· by china investor
BEIJING, Oct. 18 — Exploration will be ramped up at Daqing Oilfield to prove more reserves in the next decade, according to a source from the country’s top oil company.
”As China’s oil demand picks up, Daqing Oilfield must boost exploration to find more oil and gas reserves Over the next decade, we’re targeting 100 million metric tons of proven oil reserves per annum from Daqing Oilfield to meet the country’s rising energy demand,” Wang Yupu, general manager of Daqing Oilfield Co Ltd, said yesterday border=0 >
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