ESL Lesson 1
Oil in Our Every Day Life
ESL Lesson 2
The History of Mining
ESL Lesson 3
Economic growth
ESL Lesson 4
Delivery Systems
ESL Lesson 5
Cities and Population Movement
ESL Lesson 6
Recycling
ESL Lesson 7
Rubber
ESL Lesson 8
Farming
China - PetroChina has jump in natural gas output
By Wing-Gar Cheng and Loretta Ng
Bloomberg News, Tuesday, January 18, 2005
PetroChina is drilling more gas and oil wells in China's western provinces and exploring abroad to compensate (make up for) for depletion at Daqing, the country's largest oil field. The failure of China's oil companies to match increased demand from economic expansion (growth) meant that imports rose 35% last year. Crude oil output in the fourth quarter of last year declined 2.2% from the third quarter and was 0.5% lower than a year earlier. The company produced 192.6 million barrels of oil in the fourth quarter of 2004.
Production from Daqing fell to 46.4 million tons last year from 48.4 million tons in 2003. (multiply by 7 to get barrels) Output from the field in the northeastern province of Heilongjiang, which accounts for half of PetroChina's production and a third of the nation's total, is being cut to prolong (continue) Daqing's life. The company's West-East pipeline, which carries gas to Shanghai, started operating in the third quarter of last year (Oct-Dec). The 4,000 kilometer, or 2,500 mile, pipeline, built for 46 billion Yuan, carries natural gas from the Tarim Basin and Changqing fields in Xinjiang province. 'PetroChina is pumping more oil from fields in the western provinces" to make-up the shortfall, said Chu. "The only drawback (bad point) is this oil has higher sulfur content and sells for less."
Good forecasts/Bad forecasts: How does the US DOE/EIA Come Out?
by Roger Blanchard, Published on 2 Dec 2006 by Energy Bulletin.
http://www.energybulletin.net/23196.html
Future Oil Production in China, The IEO2001 stated (said) the following concerning (about) China's future oil production: In China, oil production is projected to decline to 3.0 mb/d by 2020.
I had stated that the 3 largest fields (actually the 3 highest producing oil regions) would experience significant production declines in coming years that would drag down China's future oil production and that a production level of 3.0 mb/d in 2020 appeared very optimistic. Those three regions have been experiencing declining production since 2001 but there has been intense (busy activity) offshore oil development as well as intense oil development in western China.
China's total petroleum production has increased from ~3.4 mb/d in 2001 to ~3.8 mb/d in 2006. It appears likely that China's oil production will peak around 2008. When oil production from offshore (underwater) regions and western China start declining, it will add to the decline from Daqing, Shengli and Liaohe oil regions. I will state again that a total petroleum production rate of 3 mb/d appears very optimistic (positive) for 2020.
**(Note DD) These declines will only make China more desperate for imports. Eight to ten percent yearly economic growth takes a lot of energy, which they rely on Iran. From now on the US and China will compete for the same resources**
| Big Oil Fields Beginning to Fade | ||||
|---|---|---|---|---|
| Oil Field | Country | Oil Output (MBD) | % of Nat'l Output | State of Field |
| Ghawar | Saudi Arabia | 4.5 | 240% | Possibly declining |
| Cantarell | Mexico | 2.0 | 60% | Declining |
| Burgan | Kuwait | 1.7 | 68% | Possibly declining |
| DaQing | China | 1.0 | 40% | Possibly declining |
Graph source: http://www.financialsense.com/captain/2006/0223.html
Continue to: U.K. and Norway
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Economic growth
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Mexico
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Kuwait
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China
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U.K. and Norway
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Russia