Sinopec Reports Yuanba Field 1Q Output
Sinopec-operated Yuanba gas field produced more than 1bn m3 of natural gas during the three months to March 31 (1Q2019), the company said April 11 without offering a year-on-year comparison.
The output during 1Q was 1.012bn m3, which meant that production target for the quarter has been met, Sinopec added.
The field, located in southwestern China's Sichuan province, started commercial production in late-2014. The construction of the Yuanba gas field started in August 2011.
Yuanba gas field is China’s first ultra-deep reef high-sulfur gas field with proven gas reserves of 220bn m3. According to Sinopec, Yuanba gas field is one of the important resource bases for the gasification of the Yangtze river economic belt, which stretches from Sichuan province to Shanghai. It covers a number of fast-growing cities like Chengdu, Chongqing, Nanchang and Nanjing.