China's largest oil-and-gas field sets new output record


XI'AN: Changqing oilfield, China's largest oil-and-gas field, produced over 65 million tonnes of oil equivalent (TOE) of crude oil and natural gas in 2022, setting a new record for output in China's domestic oil and gas fields, the company said.

Changqing oilfield built an oil and gas production capacity of over 10 million tonnes in 2022, and put 2,210 oil wells and 2,338 gas wells into operation throughout the year, according to PetroChina Changqing Oilfield Company.

The oilfield's oil and gas output in 2022 increased by nearly 2.57 million tonnes from 2021, the company said.

Located in northwest China's Ordos Basin, Changqing oilfield has played an important role in safeguarding the country's energy security. Since the 1970s, its accumulated proven oil and gas reserves account for one-third of the country's total.

At present, Changqing oilfield has successfully developed 35 oilfields and 13 gas fields, contributing more than 890 million tonnes of oil equivalent to the country. - Xinhua

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years
RM11 MAHB privatisation offer provides immediate gains for investors - CIMB
Oil prices edge higher after Russia-Ukraine tensions escalate
Malaysia-Brazil partnership instrumental to Yinson's success
Ringgit advances as domestic optimism offsets US rate concerns
Foreign investors record RM259.8mil weekly net outflow from Bursa Malaysia
Bursa Malaysia stays firmly below 1,600 amid weak regional sentiment
Trading ideas: MAHB, Sime Darby, Pantech, Barakah, Meta Bright, Mudajaya, Citaglobal, Cropmate, Sunsuria
Can money buy happiness? The economic reality of Filipinos says yes
How Trump 2.0 will impact Indonesia’s economy

Others Also Read