China Petroleum & Chemical Corp. (SHA:600028, HKG:0386), d/b/a Sinopec, secured approval for proven geological reserves of about 235.687 billion cubic meters of gas at the Ziyang Dongfeng field.
The company said late Wednesday that the project, as approved by the Ministry of Natural Resources of China, will be the country's first ultra-deep, 100-billion-cubic-meter-level shale gas field.
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