Changqing Oil Field, which is the second-largest oil field by yield and is owned by China National Petroleum Corp, had produced 2.49 million tons of crude oil as of Feb. 23 this year, 15% more than in the same period of last year, said CNPC in a statement yesterday.

The oil field’s natural gas output was 3.6 billion cubic meters in the
period, up 23% year on year.

In 2009, Changqing Oil Field, which is located in Ordos Basin, Shaanxi
Province and has an area of 370,000 kilometers, produced 30 million tons
of oil and gas, of which the output of natural gas accounted for about
50%.

Changqing Oil Field plans to increase its oil and gas output to 50
million tons by 2015 and overtake Daqing Oil Field to become the
country’s largest oil field.

Source: China Knowledge

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