Exploration & Production

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 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.