China’s biggest oil & natural gas basin reaches record output ...News

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China’s biggest oil & natural gas basin reaches record output
Over 60 million tons equivalent of crude oil and natural gas has been produced at China’s Changqing Oilfield so far this year. The volume accounts for about a sixth of domestic production. Located in Northwest China’s Erdos basin, the oilfield has produced 24.5 million tons of crude oil and 44.5 billion cubic meters of natural gas (equivalent to about 35.5 million tons of crude oil) as of Sunday. According to Changqing’s operator, the China National Petroleum Corporation (CNPC), it became the first oilfield in the country to pass the 60-million-ton mark in annual oil and gas output.  Over its 50-year history the Changqing Oilfield has

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