New Discoveries Needed for China’s Soaring Energy Demand

From Rigzone:

“The Daqing field, whose cumulative output has been more than 11 billion barrels in the past 40+ years, “is facing imminent exhaustion of exploitable reserves,” Li said.”
…
“Interestingly, Li pointed out that the China demand forecast he calculated for his SPE presentation is higher than the US Energy Information Administration (EIA) and “even higher than the prediction made by EIA under the assumption of a high economic growth scenario.”
Rigzone