Area Drilling

10/08/2001
ChinaPetroChina Co. will offer 18 oil and gas blocks in the Tarim, Ordos, and Songliao basins for international tender.The blocks, 13 of which are in the west, include Kela II gas field in the Tarim basin, one of China's largest gas fields.One of the blocks is for risk exploration, in which foreign companies would take all the risk and share the discoveries with PetroChina in case of commercial finds. The other blocks include 3 for gas development, 11 for oil development, and 3 for production improvement.PetroChina has signed 49 contracts with foreign oil companies, but few have had any discoveries.Zeng Peiyan, minister of the state Development Planning Commission, said foreign compan...
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