China in massive offshore and petrochemical construction program

Jan 11, 1997 01:00 AM

China's offshore oil industry will be riding on the crest of a wave during 1997. Work is to start during the year on 15 large-scale offshore oil and gas fields and petrochemical projects, a three-fold increase over 1996. The plans envisage five of them going into operation by the end of the year. The offshore program involves the Lufeng 22-1 oil fields in the South China Sea, the J block of Suizhong 36-1 oil field and Boxi oil field group in the Bohai Sea, as well as the Jinzhou 20-2 gas field in the Bohai Sea's Liaodong Bay. Petrochemical schemes include the Huizhou ethylene project, costing $ 4 bn, with an expected production capacity of 600,000 tpy. Urea and synthetic ammonia projects, with a total investment of $ 2 bn and respective production capacity of 900,000 tpy and 450,000 tpy, will also be launched this year. A senior official noted that CNOOC has entered the best development period since it was established in 1982. All of its 19 operational offshore oil fields have produced rich outputs.

Source: not available
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« November 2020 »
November
MoTuWeThFrSaSu
1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30

Register to announce Your Event

View All Events