HARBIN,
April 18 (Xinhua) -- China's largest oilfield, the Daqing oilfield in
Heilongjiang Province, northeast China, has maintained a steady level of crude
oil output in the first quarter
of this year despite a decrease in its natural reserves, a senior company official has said.
"The
oilfield pumped out more than 10.6 million tons of crude oil and 670 million
cubic meters of natural gas in the first quarter, basically the same as that of
the same period last year,"
said Sui Jun, deputy general manager of the Daqing Oilfield Co. Ltd, a
wholly-owned subsidiary of Petro
China.
"It
laid a solid foundation for us to achieve our target of producing more than 43
million tons of oil this year," Sui said.
The
ageing Daqing oilfield, which has been in operation for 47 years, reached a peak
in its output in 1975, producing more than 50 million tons a year. It maintained
this level until 2003.
It
produced 43.41 million tons of crude oil last year, down 3.4 percent from 2005.
To
offset its falling output, the company has started to make full use of
associated gas - a natural gas which is found in association with crude oil
either dissolved in the oil or as a cap of free gas above the oil.
More
than 800 million tons of natural gas reserves have been discovered in northeast
China, the Daqing Oilfield Co. Ltd. confirmed on Tuesday.