On August 13, CNPC and China Nian Dai Energy Investment Co Ltd. (Hongkong) signed a products sharing contract in Beijing on cooperatively developing petroleum resources of two blocks in Songliao Basin.

The newly signed contract blocks are located in Jinlin Province, covering an area of 77.2 square kilometers. The reservoirs are characterized by lithologic traps with low porosity and low permeability. CNPC expects to solve development difficulties in these two blocks by introducing advanced technologies from abroad.