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PetroChina > About PetroChina > Core Business > Exploration and Production

In 2011,the company continued to implement the “Peak Growth in Oil and Gas Reserves” Program. A number of significant discoveries and deep breakthroughs were made in major exploration areas, including the palaeohigh in Sichuan, Baxian County depression in Bohai Bay Basin, and Qaidam Yingdong Formation. Moreover, additional eight 106t-level and four 50-million-level blocks with package reserves were ascertained in Jiyuan of Ordos, Xujiahe of Sichuan and other areas. Based on D&M’s estimation, and as per SEC’s reserves criteria, the Company’s additional proved oil reserves and proved gas reserves domestically in the year were 98.51 million tons and 121.7 billion cubic meters, marking good replacement.

Domestic Exploration & Production Business