Largest oilfield in 4 decades discovered

China’s newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billion barrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) Thursday.

The oilfield lies in the Nanpu block of the CNPC’s Jidong Oilfield in Caofeidian in Tangshan City, north China’s Hebei Province, said the company.


The Nanpu block, partly offshore, covers an area of 1,300-1,500 square kilometers and is expected to produce light crude.

By 2004, the CNPC had discovered five onshore oil fields in the Jidong area with a total reserve of 735 million barrels and an annual output of 7.35 million barrels.

Xinhua