Eric Watkins
Senior Correspondent
LOS ANGELES, June 12 -- Anticipated production from Nanpu block in China's Jidong field will likely go to the country's domestic market, according to a Western oil company executive.
Early indications suggest the Nanpu oil is 32º gravity with a sulfur content of 0.1%, according to Paul Wright, project manager for Chevron Corp.'s commercial integration team.
That makes the oil a heavier sweet grade and best suited for processing by China's domestic refiners, Wright told an industry conference in Singapore. While not involved in the development of the block, Chevron has been drilling in Bohai Bay, where the Nanpu block is located.
PetroChina earlier said its discovery at the Nanpu block, reported to be China's largest in 30 years, holds proven reserves of 405 million tonnes of oil and 140 billion cu m of natural gas.
Contact Eric Watkins at [email protected].
