China’s Tarim Registers 30-mtpa Oil Equivalent Output for 2020
1/3/2021
The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, saw its 2020 output surpass 30 million tons of oil equivalent.
Located in northwest China’s Xinjiang Uygur Autonomous Region, Tarim Basin is a major petroliferous basin in China and one of the most difficult to explore due to its harsh ground environment and complicated underground conditions.
Yang Xuewen, general manager of CNPC’s Tarim oilfield company, said that in the past 31 years, the company developed and built 32 oil and gas fields, with the total output exceeding 400 million tons of oil equivalent.
In addition to sending the gas through the country’s West-to-East gas pipelines, the oilfield provides more than 4 Bcm of natural gas to the surrounding areas in southern Xinjiang every year, benefiting more than 4.3 million local people, Yang said.
According to the company’s development plan, the Tarim Oilfield is expected to further lift its output to 40 million tons of oil equivalent by 2025 and 50 million tons by 2035.
Related News
Related News
Sign up to Receive Our Newsletter
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- U.S. House Passes Bill to Reverse Biden's LNG Pause
- Mexico Orders Seizure of Hydrogen Plant at Pemex Oil Refinery
- EnCap Eyes $5 Billion Sale of Bakken Shale Producer Grayson Mill
- Sunoco to Acquire NuStar Energy in $7.3 Billion Deal for Midstream Expansion
- U.S. Regulators Approve Mexico Pacific LNG's Saguaro Connector Pipeline
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
Comments