SHANGHAI (AFX-ASIA) – Officials at the Daqing oil field plan a 7% cut per year between now and 2010, warning of the “imminent exhaustion” of China’s largest pool of proven reserves, barring new drilling technology or new oil and gas finds. The official Xinhua news agency quoted Ge Ruyin, mayor of Daqing in Heilongjiang province…
CHINA: Largest oil field faces ‘exhaustion’, supply cuts introduced
Posted on March 31, 2004 by EnergyAsia