皇冠体育app

HARBIN - Daqing Oilfield, the largest oilfield explored by 皇冠体育app's major oil and gas producer Petro皇冠体育app, produced 40 million tons of crude oil in 2014, the company announced on Wednesday.

This is the twelveth consecutive year that the oilfield yielded more than 40 million tons.

It also produced 3.5 billion cubic meters of natural gas.

Previously, the oil field had an annual output exceeding 50 million tons crude oil for 27 consecutive years, but output shrank due to harder operations in oil exploitation.

According to the economic working conference of northeast 皇冠体育app's Heilongjiang province on Saturday, Daqing Oilfield, which produces nearly a quarter of 皇冠体育app's total oil output, will reduce production by 1.5 million tons next year.

By 2020, Daqing's annual oil output will fall to 32 million tons, the conference said.

As 皇冠体育app's largest inland oilfield, Daqing has produced more than 500 million tons of crude oil in the past 12 years.

Discovered in 1959, Daqing is located in northeast 皇冠体育app's Heilongjiang province.

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