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Project Insights

Daqing Oilfield targets 4.3 bcm output for 2018

CNPC’s Daqing Oilfield subsidiary aims to produce 4.30 bcm of gas in 2018.
By Staff reporter 10 May 2018 Asia Pacific / Exploration & Production 0 30806

China National Petroleum Corp.’s (CNPC’s) Daqing Oilfield subsidiary aims to produce 4.30 billion cubic metres of gas in 2018, CNPC said on Thursday.

Daqing, China’s largest oilfield, produced a record 1.59 bcm in the first four months of the year and 1.22 bcm in the first three months, an increase of 13.3% on an annual basis.

CNPC plans to drill 10 new wells at Daqing and aims to increase output by 500,000 cubic metres per day.

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