Mobei Oilfield in Xinjiang Goes into Operation

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Friday, December 08, 2000, updated at 13:59(GMT+8)

Business

Mobei Oilfield in Xinjiang Goes into Operation

The Mobei Oilfield to pump out 510 tons of crude oil daily has gone into operation in the Xinjiang Uygur Autonomous Region.

Verified in July of 1998, the oilfield has oil reserves estimated at 50 million tons. It is located in the depth of a desert in the Junggar Basin. By the end of November, 25 oil wells had been drilled and oil production supporting facilities completed.

The oilfield's oil-bearing area has been verified at 40 sq km. Eventually the oilfield will increase its annual production capacity to 800,000 tons.


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	The Mobei Oilfield to pump out 510 tons of crude oil daily has gone into operation in the Xinjiang Uygur Autonomous Region.




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