Article source: Cubic Oil

At the beginning of the new year, everything is updated, and major oil and gas fields of China Petroleum, Sinopec, CNOOC, and Yanchang Petroleum have successively announced their equivalent oil and gas production for the whole year of 2023.

Changqing Oilfield

As of November 30, 2023, the annual oil and gas equivalent production of PetroChina Changqing Oilfield has reached 60.0985 million tons. Among them, 23.5902 million tons of crude oil and 45.818 billion cubic meters of natural gas.

Exceeding 60 million tons five days ahead of the same period last year, achieving efficient and stable production of over 60 million tons for four consecutive years.

It is expected that the oil and gas equivalent will exceed 66 million tons in 2023, reaching a new historical high.

Bohai Oilfield

In 2022, China National Offshore Oil Corporation (CNOOC) Bohai Oilfield achieved a historic high in oil and gas production, with a total crude oil production of approximately 31.75 million tons and a natural gas production of nearly 3.5 billion cubic meters, further consolidating its position as the country's largest crude oil production base. The annual oil and gas equivalent exceeded 34.5 million tons.

During the 14th Five Year Plan period, Bohai Oilfield will promote the "Seven Year Action Plan" with high quality, with the goal of producing 40 million tons of oil and gas by 2025.

In 2023, CNOOC Bohai Oilfield is expected to produce over 34 million tons of crude oil, over 3.5 billion cubic meters of natural gas, and an annual oil and gas equivalent of over 36.8 million tons.

Daqing Oilfield

As of December 28, 2023, PetroChina Daqing Oilfield has produced 30.041 million tons of crude oil this year, maintaining a stable production of 30 million tons for 9 consecutive years; Producing 5.8 billion cubic meters of natural gas, achieving stable growth for 13 consecutive years.

In 2023, the domestic oil and gas equivalent of PetroChina Daqing Oilfield exceeded 34.6635 million tons.

After 27 years of high and stable production of 50 million tons of crude oil, the domestic and foreign oil and gas equivalent has remained above 40 million tons for 21 consecutive years.

Southwest Oil and Gas Field

By the end of 2023, the annual natural gas production of PetroChina Southwest Oil and Gas Field Company will reach 42 billion cubic meters, a year-on-year increase of 9.6%.

As of November 24, 2023, the annual oil and gas production equivalent of Southwest Oil and Gas Field reached 30.06 million tons, including 37.52 billion cubic meters of natural gas production and 112000 tons of crude oil production.

It is expected that the oil and gas equivalent produced by PetroChina Southwest Oil and Gas Field in 2023 will reach 33.5781 million tons.

Tarim oilfield

In 2023, China Petroleum Tarim Oilfield produced 7.55 million tons of petroleum liquids and 32.6 billion cubic meters of natural gas.

In 2023, the equivalent oil and gas production of China Petroleum Tarim Oilfield reached 33.53 million tons, a year-on-year increase of 430000 tons, reaching a historic high.

Shengli Oilfield

In 2023, Sinopec Shengli Oilfield produced a total of 23.4512 million tons of crude oil and 860 million square meters of natural gas.

In 2023, the annual oil and gas equivalent of Sinopec Shengli Oilfield reached 24.1364 million tons.

East South China Sea Oilfield

On December 22, 2023, China National Offshore Oil Corporation (CNOOC) announced that the annual oil and gas production in the eastern oil fields of the South China Sea has exceeded 20 million tons of oil equivalent, more than 10 days ahead of the same period last year, achieving over 20 million tons for two consecutive years and reaching a new peak in production.

In 2023, the oil and gas equivalent of CNOOC's South China Sea East Oilfield exceeded 20.7 million tons.

Xinjiang Oilfield

In 2023, China Petroleum Xinjiang Oilfield produced approximately 14.8 million tons of crude oil and over 4 billion cubic meters of natural gas.

In 2023, the oil and gas equivalent of PetroChina Xinjiang Oilfield exceeded 18.05 million tons.

Extend Oil

In 2023, the extended crude oil production reached 11.624 million tons, a net increase of 142000 tons year-on-year, maintaining stable production of over 10 million tons per year for 17 consecutive years. The natural gas production exceeded 8 billion cubic meters, a net increase of 438 million cubic meters year-on-year, achieving a continuous increase in production for 15 years.

In 2023, the extended oil and gas equivalent will reach 18.016 million tons.

South China Sea Western Oilfield

In 2022, China National Offshore Oil Corporation (CNOOC) completed a total production of 5.15 million tons of crude oil and 8.75 billion cubic meters of natural gas, equivalent to 12.122 million tons of oil and gas, in the western South China Sea oilfield, becoming the largest offshore natural gas production base in China.

In 2023, the equivalent oil and gas production of the oil and gas fields in the western South China Sea exceeded 12.7 million tons.

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