PetroChina adds 1.15 bln Barrels of Shale Oil Reserve at Pilot Project, State Media Says
09.26.2025 By Tank Terminals - NEWS

September 26, 2025 [Reuters]- PetroChina has proven another 158 million metric tons, or about 1.15 billion barrels, of shale oil reserve in a pilot project in northeast China, Chinese state media reported on Friday.

 

The Daqing Gulong project, located in northeast China’s Heilongjiang province and covering an area of 2,778 square kilometers, is currently pumping 3,500 tons, or about 25,550 barrels a day, state television said.

The project, which began test production in 2022, is one of a handful of pilot shale oil projects in the country as national oil companies step up drilling of harder-to-develop hydrocarbon resources to arrest declines in domestic oil production.

The growing proven reserve at Gulong is set to boost PetroChina’s shale oil output to more than 6.8 million tons this year (136,000 barrels per day), state TV added, without giving a comparison.

PetroChina produced about 5 million tons of shale oil last year, mostly from Qingcheng field in northern Ordos basin and Jimsar project in northwest Junggar basin, according to Chen Lin, Beijing-based analyst with Rystad Energy.

 

TankTerminals.com is a market research platform with not only manager-level contact details but also logistical, operational, infrastructural and shipping data of more than +9,600 tank terminals and +6,000 production facilities worldwide.


 

Access data. Decide better. See how.

TotalEnergies Restarts Libya’s Mabruk Oil Field After Decade-Long Halt
03.16.2026 - NEWS
March 16, 2026 [Oil Price]- TotalEnergies has restarted production at Libya’s Mabruk oil field ... Read More
BP Wins US Approval for Kaskida Project in Gulf of Mexico, Spokesperson Says
03.16.2026 - NEWS
March 16, 2026 [Reuters]- British energy major BP has received approval from the Trump administra... Read More
Venture Global Secures $8.6bn in Financing for CP2 LNG Phase Two
03.16.2026 - NEWS
March 16, 2026 [Offshore Technology]- Venture Global has secured a final investment decision (FID... Read More
BASF to Divest Softex Business to GOVI CAST
03.16.2026 - NEWS
March 16, 2026 [BASF]- BASF has signed an Asset Purchase Agreement to sell its Softex business to... Read More