Exploration & Production

PetroChina increases foreign cooperation in oil and gas

PetroChina was engaged in 36 foreign cooperation projects with several IOCs in China’s six oil and gas basins at the end of last year.
By Staff reporter 10 January 2018 0 29039

PetroChina said it was engaged in 36 foreign cooperation projects with several international oil and gas companies in China’s six oil and gas basins at the end of last year.

The combined oil and gas output of the projects reached 9.86 million tons of oil equivalent (mtoe) in 2017, compared with around 5 mtoe in 2007.

Gas output from foreign cooperation projects has grown by an average of 25.3% per year between 2007 and 2017, with production from the projects last year accounting for around 9% of...