Oil and gas in China. IV

Journal Article · Fri Dec 01 04:00:00 EST 1978 · World Oil; (United States)

OSTI ID:6436037

Scott, R W

China's reserves/potential picture remains clouded. A number of new discoveries have been reported, but developing a new field in China requires very extended periods of time, because of complex organizational structures and limited availability of equipment. Producing areas currently responsible for perhaps two-thirds of China's oil output--Taching and Shengli--appear to be approaching mature stages of life. Both already produce considerable volumes of water, geology is complex, and individual reservoirs are indicated to be relatively small. These factors, coupled with a growing domestic petroleium demand, do not indicate China will become a major world exporter in the immediate future. Even if operating agreements are concluded with western oil companies and drilling contractors (and current discussions are involving western participation only on a limited basis offshore), it will be extremely difficult to appreciably speed development. Although it would be faster than otherwise, it is unlikely that western firms could transfer enough technology and equipment from booming operations elsewhere in the world to appreciably accelerate Chinese production in the very near term. There is no doubt that china is pursuing the proper approach in opening its doors to western involvement. That is the fastest way that the Chinese petroleum industry can reach adulthood.

• OSTI ID: 6436037
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 187:7; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
294003 -- Energy Planning & Policy-- Natural Gas
ASIA
CHINA
DEMAND FACTORS
DRILLING
DRILLING RIGS
EDUCATION
ENERGY SUPPLIES
EVALUATION
FORECASTING
IMPLEMENTATION
INDUSTRY
INFORMATION
NATURAL GAS INDUSTRY
OFFSHORE DRILLING
OPERATION
PETROLEUM INDUSTRY
RESERVES
RESOURCE POTENTIAL
RESOURCES
TECHNOLOGY TRANSFER
TECHNOLOGY UTILIZATION
TERMINAL FACILITIES