• Narrow screen resolution
  • Wide screen resolution
  • Auto width resolution
  • Increase font size
  • Decrease font size
  • Default font size
  • default color
  • red color
  • green color
Tools

China Guide

Monday
Jul 21st
Home arrow China Headline arrow Shengli oilfield increases offshore oil production
Shengli oilfield increases offshore oil production
PDF Print E-mail

BEIJING, March 9 (Xinhua) -- Shengli oilfield, China's second largest, targets 2.25 million tones of offshore oil production this year, an increase of 92,000 tons over last year.

Controlled by the China Petroleum and Chemical Corporation (Sinopec), the oilfield is located in the Bohai area off the coast of eastern Shandong province.

The company will rely more on offshore fields for production as its onshore field dwindles after decades of drilling, sources with the company said Wednesday.

The company did not specify what percentage of total production comes from offshore fields.

Shengli has an estimated 1.2 billion tons of shallow-water oil reserves, with 550 million tons of proven and controlled reserves.


Trackback(0)
Comments (0)Add Comment

Write comment

Copyright 2007. All Rights Reserved.
busy
 
< Prev   Next >