CNPC’s Oman Crude Output Increases to 1.81 Million Tons in 2012Bloomberg News
China National Petroleum Corp., the nation’s biggest oil and gas explorer, produced 1.81 million metric tons of crude at its Oman project last year.
The output at Block 5 was almost nine times as much as in 2002, when the company first signed a 50 percent production-sharing contract to develop the site, the company said in its in-house newsletter today. The production is equivalent to 36,000 barrels a day. Block 5 covers the Daleel and Mezoon oil fields and is jointly operated by China National Oil and Gas Exploration & Development Corp., CNPC Hong Kong Ltd. and Oman MB Group, according to CNPC’s website.
— With assistance by Sarah Chen