China's petroleum potential

Journal Article · Wed Jan 01 04:00:00 EST 1975 · World Pet.; (United States)

OSTI ID:6541898

Meyerhoff, A A

Between 1949 and the end of 1974, the People's Republic of China increased its crude oil production from an approximate 2,450 bpd to about 1.3 million bpd. The rate of 1 million bpd was attained and surpassed during the last quarter of 1974. These current figures include about 50,000 bpd of shale oil. Gas production during the same time period increased from a few thousand cubic feet per day (Mcfd) to about 800 million Mcfd. However, this came from many sources. It is concluded that ultimate recovery of onshore reserves will not be less than 20,000 million bbl, and it may reach 40,000 million bbl. If a recovery of 30,000 million additional bbl for the offshore is assumed, then China's ultimate potential could be on the order of 70,000 million bbl. If this overview is correct, China's ultimate productivity of oil and gas is small by the standards required for major nations of the world. China will have to turn increasingly outward for fuel supplies or she will have to develop an alternate energy source within a comparatively brief period of time.

• OSTI ID: 6541898
• Journal Information: World Pet.; (United States), Journal Name: World Pet.; (United States) Vol. 21; ISSN WOPTA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
03 NATURAL GAS
030300 -- Natural Gas-- Drilling
Production
& Processing
ASIA
CHINA
DRILLING
ECONOMICS
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FLUIDS
FOSSIL FUELS
FUEL GAS
FUELS
GAS FUELS
GASES
INDUSTRY
NATURAL GAS
NATURAL GAS INDUSTRY
OFFSHORE DRILLING
PETROLEUM
PETROLEUM INDUSTRY
PRODUCTION