China's third largest oilfield targets 25 mln tonnes by 2015

2008-07-18 13:29:05 GMT       2008-07-18 21:29:05 (Beijing Time)       Xinhua English

BEIJING, July 18 (Xinhua)-- Changqing oilfield in China's northern Ordos Basin is targeting production of 25 million tonnes of crude oil and 32 billion cubic meters of natural gas by 2015, its parent China National Petroleum Corp. (CNPC) said on Friday.

Jiang Jiemin, CNPC general manager, said the production rise of the country's third largest oil field, guaranteed energy supply to areas including Beijing.

Daqing, the country's leading oilfield, also said on Thursday it would further increase production to ease domestic shortage. Itaimed to produce around 40 million tonnes of crude annually in the next decade.

Soaring global crude prices have put the country under great pressure. The situation could get worse if China continued largely relying on imported energy, Wang Yupu, general manager of Daqing oilfield said.

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