Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Bohai oilfield hits record high in production !

Bohai oilfield hits record high in production

Time:2024-05-21 10:45:31 source:International Issue news portal

China's largest crude oil producer, Bohai oilfield, hit a record in annual crude oil and natural gas production in 2023, with cumulative oil and gas equivalent production exceeding 36.8 million metric tons, said its operator China National Offshore Oil Corp on Friday.

Crude oil production exceeded 34 million tons last year while that of natural gas surpassing 3.5 billion cubic meters, further ensuring national energy security, it said.

Bohai oilfield stepped up efforts to increase reserves and boost production last year, with nearly 2.3 million tons of newly added crude oil output, which accounted for around 50 percent of the country's total crude oil increment, said CNOOC.

More than 450 new wells were put into operation throughout 2023 in the oilfield, reaching a historic high. The wells contributed over 3.7 million tons of crude oil while solidifying the foundation for stable and increased oil and gas production, said Zhang Chunsheng, deputy general manager of CNOOC's Tianjin branch.

Bohai oilfield currently sees over 50 producing oil and gas fields and nearly 200 production facilities. As of now, the field has accumulated over 500 million tons of oil and gas equivalent production, with a daily output exceeding 100,000 tons, making it the country's highest-producing and largest-scale offshore oilfield.

In 2023, China's offshore crude oil production surpassed 620 million tons, an annual increase of over 34 million tons year-on-year. This accounts for approximately 70 percent of the national crude oil increment, further enhancing the country's capability in the construction of a marine powerhouse, it said.

Related information
  • Justin Timberlake set to bring his The Forget Tomorrow World Tour to Australia in 2025
  • Gorman snaps slump with walk
  • Antiques Roadshow guest shocked at stunning five
  • New Godzilla x Kong film tops Chinese box office
  • Brazil replaces injured goalkeeper Ederson in Copa America squad
  • Lady Amelia Windsor wows in lace slip dress as she attends Earth Day dinner in London
  • Fish farm develops into tourist hotspot in exploration of modern aquaculture
  • Australia and Papua New Guinea leaders trek toward WWII South Pacific battleground
Recommended content
  • Mohammad Mokhber: Who is Iran’s acting president?
  • Hybrid rice market expands in Asia
  • Israeli military intelligence chief resigns over failure to prevent Hamas attack
  • MLB players' union asks court to confirm arbitration decision against Bad Bunny firm
  • Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
  • 19th Western Pacific Naval Symposium set to take place in E China