PetroChina Southwest Oil and Gas Field Company, a subsidiary of China's largest oil and gas producer PetroChina (PTR.NYSE; 00857.HK; 601857.SH), Tuesday witnessed the full operation of Longwangmiao gas field in the Anyue Moxi block of southwest China's Sichuan basin, said a report by local official Sichuan Daily.
The fifth and sixth purification units of sulfuric gas were put into operation also on the day. The output capacity with Longwangmiao gas field reached 11 billion cubic meters each year.
Longwangmiao gas field went into trial production in November 2013 with annual production capacity of 1 billion cubic meters.
In March 2014, PetroChina announced a major natural gas discovery in the Longwangmiao formation, which contains reserves of up to 440.4 billion cubic meters, as certified by the Chinese Ministry of Land and Resources.
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