CNPC Discovery

CNPC DiscoveryCNPC Discovery

Chinese state-owned energy giant China National Petroleum Corp (CNPC) has discovered more than 100 million tons of tight oil geological reserves in its Changqing field, Reuters reported on Tuesday. The discovery, located in the western province of Shaanxi, is the first Chinese tight oil find to surpass 100 million tons. Technically recoverable reserves may be considerably lower.