Largest Oilfield in 4 Decades Discovered
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Largest Oilfield in 4 Decades Discovered
Xinhua
China's newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billionbarrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) Thursday.
The oilfield lies in the Nanpu block of the CNPC's Jidong Oilfield in Caofeidian in Tangshan City, north China's Hebei Province, said the company.
The Nanpu block, partly offshore, covers an area of 1,300-1,500square kilometers and is expected to produce light crude.By 2004, the CNPC had discovered five onshore oil fields in the Jidong area with a total reserve of 735 million barrels and an annual output of 7.35 million barrels.
The company previously estimated that the reserve of the new oilfield was 2.2 billion barrels and the daily output would be 200,800 barrels in three years.
PetroChina, the CNPC's holding company, boasted Asia's highest profitability last year with 142.2 billion yuan (18.5 billion U.S.dollars) in annual net profit. -
but still the supply will sooner or later so its better to find new source of fuel...
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Oh fark, the moment I saw the thread I knew it was in China. I must be psychic.
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black gold
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this oil can buy a singapore
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SG also got wat, Shenton Way below is all oil lor.
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under Sgpork also got alot
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Buy a singapore!?Originally posted by hellomotosxq:this oil can buy a singapore
only 142billion yuan which is like 3 billion sg....
SIngapore got like 100++ billion in reserve....
More likely Singapore can buy your sorry arse... -
TS got pwnedOriginally posted by banzie:Buy a singapore!?
only 142billion yuan which is like 3 billion sg....
SIngapore got like 100++ billion in reserve....
More likely Singapore can buy your sorry arse... -
this is the biggest oilfield discovered in latest years in the worldOriginally posted by banzie:Buy a singapore!?
only 142billion yuan which is like 3 billion sg....
SIngapore got like 100++ billion in reserve....
More likely Singapore can buy your sorry arse... -
LoL...Originally posted by ArdusKane:Oh fark, the moment I saw the thread I knew it was in China. I must be psychic.
X2
Sama sama...
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ya ya wait till they discover the oilfield on my face.Originally posted by hellomotosxq:Largest Oilfield in 4 Decades Discovered
Xinhua
China's newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billionbarrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) Thursday.
The oilfield lies in the Nanpu block of the CNPC's Jidong Oilfield in Caofeidian in Tangshan City, north China's Hebei Province, said the company.
The Nanpu block, partly offshore, covers an area of 1,300-1,500square kilometers and is expected to produce light crude.By 2004, the CNPC had discovered five onshore oil fields in the Jidong area with a total reserve of 735 million barrels and an annual output of 7.35 million barrels.
The company previously estimated that the reserve of the new oilfield was 2.2 billion barrels and the daily output would be 200,800 barrels in three years.
PetroChina, the CNPC's holding company, boasted Asia's highest profitability last year with 142.2 billion yuan (18.5 billion U.S.dollars) in annual net profit. -
ermm so?Originally posted by hellomotosxq:this is the biggest oilfield discovered in latest years in the world
can copy disneyland? -
ok cool. later someone invade ur country then u know
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The last time they said that, they dug the world's deepest well, and found nothing.
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LOL..gud 1Originally posted by mhcampboy:ermm so?
can copy disneyland?
copy cats and dogs ! -
China produces so many fake stuff and scams. Probably the oilfield is fake also. If not, it must be some kind of scam again to con some naive businessman.
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142billion yuan is 30 billionOriginally posted by banzie:Buy a singapore!?
only 142billion yuan which is like 3 billion sg....
SIngapore got like 100++ billion in reserve....
More likely Singapore can buy your sorry arse...
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still not enuff...Originally posted by jasonsamster:142billion yuan is 30 billion -
harnor!Originally posted by mhcampboy:still not enuff... -
ya lor..Originally posted by mhcampboy:still not enuff... -
how u knoe singapore reserves is 100 billion +++++++Originally posted by mhcampboy:still not enuff... -
yalor yalor , how u know arOriginally posted by jasonsamster:how u knoe singapore reserves is 100 billion +++++++ -
http://en.wikipedia.org/wiki/Singapore#Economy
Singapore is the 17th wealthiest country in the world. The geographically small nation has a foreign reserve of S$212 billion (US$139 billion).
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Trust the world to drain it within 1 decade.