Shengli Oilfield’s crude oil production to reach more than 23.45 million tons in 2023 – Dainik Savera Times
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Recently, according to news from Sinopec, Shengli Oilfield, one of China’s major oil industry bases, achieved new growth in crude oil production in the year 2023. Crude oil production reached 234.512 million tons, and newly built production capacity increased by more than 2 million tons by 2022.
In the year 2023, Shengli Oilfield focused on increasing reserves, increasing production and reducing costs. It achieved 4 breakthroughs and 6 large-scale discoveries in oil and gas exploration. The proven oil geological reserves of offshore oil fields were 498 million tonnes.
234.512 lakh tonnes of crude oil was produced, which is an increase of about 50 thousand tonnes compared to the year 2022. It has maintained a stable production of more than 234 million tons for seven consecutive years, and has produced more than 1.3 billion tons of crude oil,
Which is 19 percent of the total onshore crude oil production of the country. In 2023, the Shengli oilfield will produce 860 million cubic meters of natural gas, 280 million cubic meters more than planned.
In the year 2023, Shengli Oilfield invested 1.345 billion yuan in science and technology while maintaining continuous development, and the newly built production capacity increased by more than 2 million tons compared with the year 2022.
(Credits- China Media Group, Beijing)
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