January 31, 2015 5:09 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Daqing Oilfield Company Limited

Company Overview

Daqing Oilfield Company Limited engages in the development and exploration of crude oil in China. It offers exploration and development services, oil refining, pipe transportation, and scientific research and technical services. The company was founded in 2000 and is based in Daqing, China. Daqing Oilfield Company Limited operates as a subsidiary of PetroChina Co. Ltd.

Ranghulu District

Daqing,  163453

China

Founded in 2000

Phone:

86 45 9598 8727

Fax:

86 45 9598 3041

Key Executives for Daqing Oilfield Company Limited

Daqing Oilfield Company Limited does not have any Key Executives recorded.

Daqing Oilfield Company Limited Key Developments

Daqing Oilfield Provides Production Guidance for the Year 2014, 2015, and 2020

Daqing Oilfield provided production guidance for the year 2014, 2015, and 2020. The company plans to lower its production by 1.5 million tons in 2015. By 2020, the oilfield's annual oil output is expected to be decreased to 32 million tons. The oilfield has decided to reduce production due to its long-term intensive development, inadequate supporting resources, rising development costs and decreasing international oil prices. The oilfield expects to have produced 40 million tons of crude oil in 2014.

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