18 Jan 2011 10:54

Jilin Oilfield produces 132 mln tons of crude oil to date

Shanghai. January 18. INTERFAX-CHINA - The Jilin Oilfield has produced 132 million tons of crude oil since going into operation in 1961, according to statistics released by the oilfield's owner, China National Petroleum Corporation (CNPC), on Jan. 18.

According to CNPC, the field's oil equivalent output has grown from one million tons in the early 1970s to 7.5 million tons by the end of 2010.

CNPC said the field's total crude oil and natural gas reserves stood at 1.42 billion tons and 82.6 billion cubic meters, respectively, as of the end of last year.

From 2001 to 2010, the field generated RMB 61 billion ($9.21 billion) in tax revenue, CNPC said.

CNPC noted that the field's crude oil and natural gas reserves are expected to increase by 200 million tons and 200 billion cubic meters, respectively, over the next five years.