Bohai Oilfield posts record-high crude oil daily output

Time:2024-09-06 13:17:52      Source:Xinhuanet.com

The daily output of crude oil in Bohai Oilfield, China's largest offshore crude oil production base, has exceeded 100,000 tonnes, a record high in the oilfield's nearly 60-year history, the China National Offshore Oil Corporation (CNOOC) Tianjin branch said on Tuesday.


Founded in 1965, Bohai Oilfield has seen more than 50 operating oil and gas fields and over 200 production facilities established in its domain over the years.

In 2023, crude oil output in Bohai Oilfield increased by nearly 2.3 million tonnes over the previous year, accounting for about 50 percent of the total increase of crude oil output in the country.

Located in Bohai Bay Basin, Bohai Oilfield is rich in oil and gas resources. However, the complicated geological structure and scattered reservoir distribution render exploration and development difficult.

Index RMB/t DoD Basis Date
Datong 5500 450 0 ex-mine 06-13
Shuozhou 5200 435 0 FOR 06-13
Ordos 5500 415 0 ex-mine 06-13
Yulin 6200 535 0 ex-mine 06-13
Liulin Low-sulphur 570 0 ex-mine 06-13
Gujiao Low-sulphur 1095 0 FOR 06-13
Xingtai Low-sulphur 1210 0 ex-Factory 06-13
Yangquan PCI 770 0 FOR 06-13
Index RMB/t WoW WoW% Date
Qinhuangdao 620.0 -38.0 -5.78 06-12
Caofeidian 528.0 -39.0 -6.88 06-12
Huanghua 178.3 -12.0 -6.31 06-12
Guangzhou 290.0 13.0 4.69 06-12
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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