BEIJING, Jul. 6, 2010 (Xinhua News Agency) -- Sulige gasfield, a flagship gasfield of PetroChina's subsidiary Changqing Oilfield, has produced over 20 billion cubic meters of natural gas since 2005, the company newspaper China Petroleum Daily reported on Tuesday.
Changqing Oilfield is PetroChina's largest natural gas producing muscle in China. Its natural gas output stood at 18.96 billion cubic meters in 2009, while the crude oil output was about 15.719 million metric tons (tonnes) in 2009.
In the first five months of 2010, Changqing oilfield has produced some 9.318 billion cubic meters of natural gas and 6.83 million tonnes of crude oil.
China National Petroleum Corporation (CNPC), the parent company of PetroChina (PTR.NYSE; 601857.SH; 0857.HK), confirmed on July 1 that its Changqing oilfield's daily crude output has surpassed 50,000 metric tons (tonnes), which could be translated into an annual output capacity of 18.3 million tonnes.
According to Changqing oilfield's plan, its annual oil and gas output is expected to hit 50 million tonnes in oil equivalent by 2015. (Edited by Qiu Jun, Qiujun@xinhua.org)