Bohai Oilfield sets new daily production record

The daily crude oil production of Bohai Oilfield, the largest offshore oilfield in China, has exceeded 100,000 metric tons, setting a new historic record in nearly 60 years of the oilfield's development and construction, said its operator China National Offshore Oil Corp on Tuesday.

This milestone further enhances the country's energy supply capacity, it said.

Established in 1965, Bohai Oilfield is the birthplace of China's offshore oil industry and is currently the largest, most productive, and most profitable major oilfield in Chinese waters. It has over 50 operational oil and gas fields and more than 200 production facilities, with cumulative oil and gas equivalent production exceeding 500 million tons, it said.

According to Zhang Chunsheng, deputy general manager of CNOOC's Tianjin branch, 100,000 tons of crude oil account for about one-sixth of the country's daily crude oil output and can meet the weekly demand of a large city with a population of tens of millions.

This plays a significant role in ensuring national energy security, promoting economic development, and meeting people's daily needs, he said.

Bohai Oilfield is located in the Bohai Bay Basin, which is rich in oil and gas resources but has complex geological structures, making exploration and development challenging.

The oilfield will continue to increase investment in exploration and development, aiming to achieve 40 million tons of oil and gas production by 2025, he said.

This will further strengthen offshore oil and gas production's critical role in securing a stable supply of oil and gas resources for China and reducing reliance on foreign sources, he added.