Chinese company drills wells to find more oil in field for which it paid 146.6 times starting price at auction


Zhongman Petroleum Engineering and Technology Service Company announced plans to drill two exploratory wells at the Pribrezhnoye hydrocarbon field in the Atyrau region.

The company acquired the rights to exploration and production of hydrocarbons at the field at an auction held by the Ministry of Energy in July 2022, offering 1.347...