Exploration & Production

CNPC subsidiary has produced 50.5 mtoe in 2018

CNPC’s Changqing Oilfield subsidiary has produced 50.15 mtoe of oil and gas so far this year.
By Staff reporter 4 December 2018 0 33551

China National Petroleum Corp.’s (CNPC’s) Changqing Oilfield subsidiary has produced 50.15 million tons of oil equivalent of oil and gas so far this year, making 2018 the sixth consecutive year the subsidiary has produced at least 50 mtoe, CNPC said on Tuesday.

The subsidiary has produced a total of 379.5 billion cubic metres since 2013.

Changqing plans to build 10 bcm/y of new capacity in 2018, with gas output targeted at 38 bcm/y.