Home | News    Friday 25 July 2003

China CNPC Discovers 2B Bbl Oil Reserves In Sudan-Report

separation
increase
decrease
separation
separation

By Xu Yihe

SINGAPORE, July 25, 2003 (Dow Jones) — China National Petroleum Corp., China’s largest oil and gas company, has discovered 2 billion barrels of crude oil reserves in Sudan’s Malut basin, boosting the company’s crude reserves in the African country, China Petroleum News reported.

Of the total reserves discovered, 600 million barrels are recoverable, said the CNPC-sponsored newspaper.

The discovery was made at Blocks 3 and 7, near the Palogue structure, in which CNPC holds a 41% stake. The remaining stakes are held by Qatari Gulf Petroleum Co. and two Sudanese companies.

The company plans to develop the two blocks by March 2005 into a medium-sized field, with an annual production capacity of 8 million tons, the report said.

When the two blocks start production in 2005, CNPC expects to raise its crude production in Sudan to 24 million tons/year from 12.68 million tons last year. CNPC’s 2003 crude production in Sudan is forecast at 14 million tons.

Sudan is CNPC’s largest overseas oil and gas operation. The company is involved in oil and gas E&P in Block 1/2/4 and Blocks 3, 7, 6 in Sudan .

CNPC has drilled nine exploration wells at Blocks 3 and 7, which cover a total of 72,000 square kilometers. All the wells have demonstrated hydrocarbon presence, the report said.

One of the wells, Palogue 1, was tested to flow 5,100 bbl/day in October last year and 2,250 bbl/day in January this year, the report said.

According to the report, exploration at Blocks 3 and 7 started in 1975, when ChevronTexaco Corp. (CVX) discovered 168 million bbl of crude reserves. ChevronTexaco didn’t develop the reserves due to its small scale.

The report said the finding cost at Blocks 3 and 7 is less than 22 cents/bbl, or about 20% of the international average.

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Pragmatic patriarchy of Sudan over South Sudan 2018-09-22 09:28:17 James Okuk, PhD “We honour the human capacity to manage our collective lives with peace and even, at times, dignity” – Barbour & Wright The political process of Sudan and South Sudan has (...)

Salient features of South Sudan latest peace deal 2018-09-21 05:36:06 By Roger Alfred Yoron Modi Last week, the government of South Sudan under President Salva Kiir, various armed and unarmed opposition groups and other parties, including the SPLM/A-IO led by Dr (...)

Open letter to South Sudan Civil Aviation Authority 2018-09-19 04:05:10 By Telar Ring Deng On the cold morning of 9th September 2018, we were all in utter shock and bewilderment at the very tragic accident that occurred in Eastern Lakes State when a Plane crashed (...)


MORE






Latest Press Releases


Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)

Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan 2018-04-22 10:01:20 UN Secretary-General, New York African Union Commission, Addis Ababa UN High Commissioner for Human Rights, Geneva Petition on the Deteriorating Human Rights and Humanitarian Situation in Sudan (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.