China has struck huge gas and oil reserves in northern Tibet that could hold between four and 5.4 billion tonnes of crude oil and gas.
The petroleum deposit, spread over a 100 km-wide stretch in the Qiangtang basin, is expected to hold hundreds of tonnes Of oil, the 'China Daily' reported quoting a document revealed at a recent seminar on the western development strategy for Tibet.
Last July, a field research team led by Wang Chengshan of the Chengdu university of science and technology collected oil-shale and other samples in the Qiangtang basin and found an ancient petroleum band of up to 100 km. Following studies, the geologic age of the shale of the Qiangtang basin was confirmed at around 180 million years, the report said.
The confirmation of the geologic period is very important as the dating of the material helped scientists determine the likelihood of oil deposits, an expert with the team said. The find could hasten the pace of development of the remote region, paper said, adding scientists have appealed to the Chinese government to launch new exploration of deposits in Tibet.

Bureau Report