PetroChina adds 1.15 bln barrels of shale oil reserve at pilot project, state media says

Core Viewpoint - PetroChina has discovered an additional 158 million metric tons, equivalent to approximately 1.15 billion barrels, of shale oil reserves in a pilot project located in northeast China [1] Company Summary - The new shale oil reserve discovery by PetroChina highlights the company's ongoing efforts to expand its resource base and enhance its production capabilities [1] Industry Summary - The discovery of significant shale oil reserves in China indicates a potential shift in the country's energy landscape, potentially reducing reliance on imported oil and boosting domestic production [1]