This year, PetroChina’s Xinjiang Oilfield Company has been fully develop
ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.
The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille
d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.
PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo
s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi
eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.
Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.
The People’s Bank of China (PBOC), the central bank, has upgra
ese currency, and on Monday announced the issuing of the new batch from Aug 30.
The new issuance will include notes with a face value of 50 y
uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.
Compared with the current series in circulation, the new batch will see brighte
r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.
The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y
uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.