11 April 2012 13:23 [Source: ICIS news]
Sinopec’s targeted crude output for the Shandong-based oilfield for 2012 is 27.5m tonnes.
With an accumulated proven geological reserve of 5.1bn tonnes, Shengli is the second-biggest oilfield in
The field produced a total of 1bn tonnes of crude from 1961, when it was first discovered, to 2011 and its crude output in 2011 was 27.3m tonnes, according to Sinopec.
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