Major discovery increases oil reserve
文章来源: 文章作者: 发布时间:2007-05-05 08:31 字体: [ ]  进入论坛
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May. 4 - China's newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billion barrels, the largest discovery in the country over four decades, announced the China National Petroleum1 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 offshore2, covers an area of 1,300-1,500 square 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 previously3 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.

 

China's oil dependency, or net oil imports against oil consumption, went up 4.1 percentage points year on year to 47 percent in 2006, according to the Ministry4 of Commerce.

 

Last year, the nation produced 183.68 million tons of crude oil, up 1.7 percent, and imported 138.84 million tons, up 16.9 percent. Its oil consumption (crude plus oil products) amounted to 346.55 million tons, up 9.3 percent.It is predicted that China's crude oil imports will reach 160 million tons.

 

Jia Chengzao, an academic and oil geologist5 with the Chinese Academy of Sciences, projected that new discoveries will be made in the area around the Bohai Sea following the Jidong Nanbao Oilfield, which will lead to a rapid growth of the corporation's oil production in the future.

 

In another development, a senior official said yesterday that China would seek to satisfy its energy needs using domestic resources.

 

Addressing the Second Asian Ministerial Energy Roundtable Conference in Riyadh, Saudi Arabia, yesterday, Chen Deming, vice-director of the National Development and Reform Commission, said that China has a huge potential to exploit its abundant domestic energy resources.

 

"China is not only a major energy consumer, but also a giant energy producer," said Chen, who is head of the Chinese delegation6.

 

He said the country has abundant coal reserves and bright prospects7 to develop hydroelectricity, wind power, solar energy and bioenergy.

 

It also has the potential to increase its oil production and its exploration for natural gas, Chen said.

 

Chen also dismissed claims that the country had been a major factor in the increasing global oil price, although it did need to import a certain amount of oil and natural gas to supplement its energy supplies.

 

The unstable8 regional situation, fund speculation9 and natural disasters are the main factors behind the abnormal rise of the oil price, he said.

 



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1 petroleum WiUyi     
n.原油,石油
参考例句:
  • The Government of Iran advanced the price of petroleum last week.上星期伊朗政府提高了石油价格。
  • The purpose of oil refinery is to refine crude petroleum.炼油厂的主要工作是提炼原油。
2 offshore FIux8     
adj.海面的,吹向海面的;adv.向海面
参考例句:
  • A big program of oil exploration has begun offshore.一个大规模的石油勘探计划正在近海展开。
  • A gentle current carried them slowly offshore.和缓的潮流慢慢地把他们带离了海岸。
3 previously bkzzzC     
adv.以前,先前(地)
参考例句:
  • The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
  • Let me digress for a moment and explain what had happened previously.让我岔开一会儿,解释原先发生了什么。
4 ministry kD5x2     
n.(政府的)部;牧师
参考例句:
  • They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
  • We probed the Air Ministry statements.我们调查了空军部的记录。
5 geologist ygIx7     
n.地质学家
参考例句:
  • The geologist found many uncovered fossils in the valley.在那山谷里,地质学家发现了许多裸露的化石。
  • He was a geologist,rated by his cronies as the best in the business.他是一位地质学家,被他的老朋友们看做是这门行当中最好的一位。
6 delegation NxvxQ     
n.代表团;派遣
参考例句:
  • The statement of our delegation was singularly appropriate to the occasion.我们代表团的声明非常适合时宜。
  • We shall inform you of the date of the delegation's arrival.我们将把代表团到达的日期通知你。
7 prospects fkVzpY     
n.希望,前途(恒为复数)
参考例句:
  • There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
  • They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。
8 unstable Ijgwa     
adj.不稳定的,易变的
参考例句:
  • This bookcase is too unstable to hold so many books.这书橱很不结实,装不了这么多书。
  • The patient's condition was unstable.那患者的病情不稳定。
9 speculation 9vGwe     
n.思索,沉思;猜测;投机
参考例句:
  • Her mind is occupied with speculation.她的头脑忙于思考。
  • There is widespread speculation that he is going to resign.人们普遍推测他要辞职。
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