Exploration potential of areas in onshore China third round

Journal Article · Mon Sep 11 04:00:00 EDT 1995 · Oil and Gas Journal

OSTI ID:99299

Post, P ^[1]; Milne, A; Bingjian, Li ^[2]

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1. Post (Paul), Covington, LA (United States)
2. Edgehill Petroleum Consulting Ltd., Aberdeen (United Kingdom)

Many oil exploration companies view China as a country of moderate upside potential with little opportunity for new giant discoveries. This view may be pessimistic given the structural complexity of some areas within certain basins in western, southern, and southwestern China and the lack of drilling in some peripheral basins onshore China. China`s tremendous economic modernization drive necessitates that companies be cognizant of its domestic exploration and production opportunities (the greatest of all dragons must be fed). This article reviews recent foreign involvement in onshore exploration and is a response to the June 1995 announcement by Chinese National Petroleum Corp. (CNPC) of the third onshore licensing round. The prospective licensing rounds are reviewed in turn, moving on to discuss exploration strategies.

• OSTI ID: 99299
• Journal Information: Oil and Gas Journal, Journal Name: Oil and Gas Journal Journal Issue: 37 Vol. 93; ISSN OIGJAV; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
CHINA
EXPLORATION
PETROLEUM DEPOSITS
RESOURCE POTENTIAL
SEDIMENTARY BASINS