China’s largest oilfield, the country maintains a stable supply of crude oil in the first quarter

Daqing, the largest oilfield in China’s Heilongjiang Province in northeast China is, has maintained a stable level of production of crude oil in the first quarter of this year, despite the decline of its reserves, said an official of the Daqing Oilfield Co. Ltd.., 100% subsidiary of PetroChina.

“The oil field has produced over 10.6 million tonnes of crude oil and 670 million cubic meters of natural gas in the first quarter, producing almost equivalent to the same period last year. This Constitute a solid foundation for achieving our goal of producing more than 43 million tons of oil this year, “said a company official.

The Daqing oil field in anvironment last 47 years, reached its cap of production in 1975 with 50 million tons of oil per year. He maintained that level until 2003.

It produced 43.41 million tons of crude oil last year, down 3.4% compared to 2005.

In addition, reserves of over 800 million tonnes of natural gas were discovered in the north-east China, has confirmed that company.