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            PetroChina announces significant results in oil and gas exploration
            2019/09/30

            On September 29, PetroChina announced that the Company has made significant progress in the exploration of unconventional oil and gas. In Ordos Basin, significant discovery was made in Chang 7 oil source bed exploration, namely an additional proved original oil in-place of 358 million tons, an estimated original oil in-place of 693 million tons, which means a discovery of Qingcheng large oil field of a billion tons scale. In Sichuan Basin, significant progress was made in shale gas exploration, namely an additional proved original gas in-place of 740,971 million cubic meters in Changning-Weiyuan and Taiyang areas, adding up to a total of 1,061,030 million cubic meters proved original gas in-place, and forming a large shale gas area of trillion cubic meters scale in Sichuan Basin.

            PetroChina Company Limited was established as a joint stock company with limited liability under the Company Law of the People's Republic of China (the "PRC" or "China") (the "Company Law") on November 5, 1999 as part of the restructuring of China National Petroleum Corporation ("CNPC").

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