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Huge gas reserve found in SW China
( 2003-09-23 14:50) (Xinhua)

One of China's largest oil and gas developers Shengli Oilfield Co. declared recently that its drill team had found a huge gas reserve in the Sichuan province, southwest China, with a total expected storage of more than 100 billion cubic meters.

Sichuan is one of the most gas-rich provinces in souwestern China, and the country is stepping up its efforts to find more energy reserves to carry out its strategy of pipelining gas or oil to the energy-dearth east, where a booming economy is demanding more power supply.

The gas reserve, covering an area of 3,600 square meters underground in Bazhong city in the province's northeast, is estimated between 110 and 150 billion cubic meters.

According to the company, gas was found at 4,484 meters deep in the Heba No. 1 Drilling Well. The well has four designed layers to be drilled for search of gas and the finding in the first layer suggested that huge reserves will be very likely in the deeper layers.

The find has paved the way for a full exploitation of gas reserves in the region, the company said.

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