According to some sources, CPC Corp, a Taiwan state-based oil firm, has recently announced that it has discovered natural gas mines in middle-Taiwan's Miaoli County with an approximated production capacity of around 1 billion cubic meters.

In a statement filed with the Taiwan Stock Exchange, CPC Corp announced that it has discovered the natural gas at well No. 145 in Miaoli, in which the well to be capable of producing more than 1 billion cubic meters of gas by the next 20 years, which is supposed to start by the end of 2011.

In the meantime, the company issued a statement that onshore oil and gas discoveries are quite rare in the country.

Meanwhile, the country has been drilling for coal, oil and natural gas at well No. 145 in Chuhuangkeng for more than 100 years.

During last month, the firm also announced that it signed a MoU with China National Petroleum Corp on cross-strait oil and gas exchanges and cooperation in offshore exploration.

Further, the firm recently teamed up with Australia, Chad, Indonesia, Libya and the United States in oil and gas exploration.