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|Saturday, May 20, 2000, updated at 10:24(GMT+8)|
Offshore Oilfields to Pump 300,000 Tons of CrudeThe second-phase joint development of China's first offshore group of oilfields has completed in Bohai Sea in north China.
The group of oilfields are expected to go on stream in mid-June this year and will pump out a combined output of 300,000 tons of crude and 45 million cubic meters of natural gas a year.
This will help ease the pressure on energy demand by the developing eastern part of the north China port city of Tianjin, local industrial sources say.
Altogether six oil-bearing structures have been discovered in the area where the group of oilfields locate, some 41 km away from the coastal Tanggu of the city and the proven oil and natural gas reserves are 50 million tons and over 10 billion cubic meters, respectively.
During the first-phase construction of the group of oilfields which began in June 1995, two small offshore oilfields and three offshore platforms were built, three seabed oil and gas pipelines, totaling 110 km, were laid in addition to the completion of 50 supportive facilities.
The first-phase construction was completed at the end of 1997, costing 1.7 billion yuan (about 200 million U.S. dollars The first- phase projects produce 500,000 tons of crude a year and 380,000 cubic meters of natural gas a day.
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