China Qinghai Oil Field to Produce More Crude Oil
Qinghai Oil Field made great breakthrough in the oil exploitation, and based on the technology breakthrough, the oil output in Qinghai Oil Field will increase a lot. According to SCI, the crude oil output at Qinghai Oil Field was 2,250kt in 2017, and China’s crude oil output was 181,420kt in 2017. The crude oil output at Qinghai Oil Field took up around 1.24% of China’s total output. Based on the technology breakthrough, it is predicted that the oil and gas output at Qinghai Oilfield will reach 7,380kt/a from the current 4,190kt/a.
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