China National Petroleum Corporation (CNPC)

China National Petroleum Corporation (CNPC), through its PetroChina subsidiary, discovered a new oil field with about 3.8 billion bbl of crude reserves in place. The discovery sits in the Juggar Basin of the Xinjiang region in western China. PetroChina also said that it had increased production capacity at its Xinjiang oil field by about 27,000 B/D.