China's Bohai Sea has great potential

Feb 27, 1997 01:00 AM

China has made a major breakthrough in oil exploration in the Bohai Sea, off the eastern part of China, by setting up the Chengdao Oilfield. The new field, which has an annual output of 1.05 million tons, is the largest offshore oilfield in the Bohai Bay, and has huge production potential. According to an official with the China National Petroleum Corp (CNPC), the offshore oilfield was difficult to explore because of its complicated geological structure. To develop the Chengdao Field, Shengli has applied a large array of new technology that is used for onshore purposes to offshore development, including a 3-D seismic survey and oil reserve tracking technology. The Bohai area now has an annual output of 2.12 mmt of oil and 367 mmcm of gas. Oil officials say they expect greater progress this year in oil and gas exploration in the Bohai area, with proven oil and gas reserves forecast at 60 mmt of oil and 10 bncm of gas.

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