Penglai field to reach peak production
By Zhou Yan | China Daily | Updated: 2011-05-20 08:05
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The Penglai 19-3 oilfield in Bohai Bay, China's biggest offshore oil discovery. The field began its first production in December 2002 with production of 18,000 barrels a day. ConocoPhillips Via Bloomberg News |
BEIJING - The US oil and gas energy company ConocoPhillips Co expects the Penglai 19-3 field in Bohai Bay, China's biggest offshore oil discovery, to reach a production peak this year of more than 150,000 barrels daily, said a top company executive.
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