The development of the two prospects will call for a total investment of 2.6 billion yuan ($317 million) to establish annual crude production capacity of 1.138 million tonnes (22,760 barrels per day) in three years, a company official said.
PetroChina is currently producing crude at the Jungar basin through its unit Karamay Oilfield Company at more than 230,000 bpd.
One of the prospects scheduled for development is Nanshi 31, which has recoverable oil reserves of close to 40 million barrels.
PetroChina
