The Jiyang Shale Oil Field construction site of Sinopec's Shengli Oilfield. [Photo provided to chinadaily.com.cn]
The Jiyang Shale Oil Field has officially received certification from the Ministry of Natural Resources for its proven reserves, marking a major development for China's oil and gas exploration sector, said Sinopec's Shengli Oilfield on Saturday.
The newly certified oil field in Gaoqing county of Zibo, Shandong province, boasts proven geological reserves of over 140 million tons of shale oil, with technically recoverable reserves amounting to 11.36 million tons.
