China Sinopec Yuanba area's proven gas reserves at 159.25 Bcm

The recently started-up Yuanba gas field in the southwest by China Oil & Chemical Corp, or Sinopec Corp, has actually proven gas gets of 159.25 Bcm (5.62 Tcf) covering an area of 155.33 sq kilometres, according to a record on Monday by the main Xinhua news agency.

The gas discover is without a doubt the inmost gas area discovered, the record stated, citing information from Sinopec's subsidiary Sinopec Expedition Southern Co

. drilling fluid additives were checked out and accepted by the Gets Assessment Workplace under the Ministry of Land as well as Resources, which is the second-largest gas discover by Sinopec in the Sichuan gas container after Puguang gas area, the report said.

In August, Sinopec claimed that it plans to generate 3.4 Bcm of cleansed natural gas from processing centers at the recently started-up Yuanba area in southwest China by end 2015.

The business aims to generate 1.7 Bcm of detoxified gas from the acidic gas therapy center at the field by end 2013.

The Yuanba gas field adjoins Puguang gas field, which started manufacturing in March 2010.

In its announcement in April 2006 on the exploration of Puguang field, Sinopec said then that aggregate tried and tested recoverable reserves at Puguang was approximated at 251.075 Bcm, while technological recoverable books was at 188.304 Bcm, complying with an evaluation done by the ministry by end-2005.

Average day-to-day gas production from Puguang was at 401,000 Mcf/day in 2010, while proven gets at the area was 2.802 Tcf by end of in 2014.

Sinopec has been exploring areas adjacent to Puguang in order to secure a strong supply of gas resources for the end-user markets in eastern China and also determined Yuanba as well as Tongnanba gas areas beside Puguang as source abundant areas.

According to earlier estimates by the business, the Puguang gas area has capacity to produce 10.5 Bcm/year of natural gas for twenty years. Sinopec had also established an annual target of 4 Bcm of purified gas from the handling center at Puguang.

Following its news of its acting lead to late August, Sinopec said that it is targeting to create 247.2 Bcf of natural gas in the 2nd half of 2011, which would be 4.8% greater than the 253.88 Bcf it produced in the first half of the year.