Major tight oil discovery in China
China’s state-owned China National Petroleum Corp. (CNPC) discovered more than 100 million metric tons of tight oil geological reserves in its Changqing field, according to a report by Reuters. Converted to barrels of oil, the discovery was over 733 million barrels of oil. This marks the first time that a tight oil discovery of that size has been made in China.  The field is located in the western province of Shaanxi.

Technically recoverable reserves may be considerably lower. Tight oil production capacity...


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