China to add one more large oilfield
( 2003-09-23 14:50) (Xinhua)
A large oilfield capable of producing one million tons of oil annually will
be built at Hailar Basin in north China's Inner Mongolia Autonomous Region, late
in the 10th five-year-plan period (2001-2005).
The news was announced Monday by Wang Fuchun, an official with the
Development and Reform Commission of Bulun Buir city, Inner Mongolia.
Chinese oil workers first discovered oil and gas resources in Hailar Basin in
1980s, but didn't make much progress in oil and gas reserve prospecting because
of the complicated geological features of the basin, said Wang.
In the past years, workers with the Hulun Buir Branch of Daqing Petroleum Co.
Ltd based in China's northernmost Heilongjiang Province have verified 650
million tons of oil reserves and 270 billion cubic meters of natural gas thanks
to the application of new technologies for oil prospecting.
The workers have also carried out oil exploration tests at three major
drilling zones in Xin Barag Left Banner and Xin Barag Right Banner, both inside
Hulun Buir City. They turned out 120,000 tons of crude oil last year and the
yield is expected to reach 200, 000 tons this year.
Oil output from Hailar Basin will amount to 500,000 tons next year with the
completion and operation of the oil boosting station on Jalai Nor Railway, and
will rise to one million tons in 2005, said the official.