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Rigzone.com reported China: Far East Measures In As Heavy Oil Hotspot:
Rigzone.com reported China: Far East Measures In As Heavy Oil Hotspot:
After spending considerable time investing in Canadian and Venezuelan heavy oil ventures, China is looking to its own oil fields as a next source of production. To date, heavy oil has been discovered in 70 oil fields throughout 12 basins. All of these sources have remained largely unexploited.