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Oil Province

  • Dagang Oil Province
Dagang Oil Province

Dagang Oil Province

  • Description: Dagang Oil Province is located on the coast of the Bohai Sea and geologically belongs to Huahuang depression of the Bohai Bay Basin (a Cenozoic fault basin). Currently, CNPC operates 25 oil & gas fiel
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Dagang Oil Province is located on the coast of the Bohai Sea and geologically belongs to Huahuang depression of the Bohai Bay Basin (a Cenozoic fault basin). Currently, CNPC operates 25 oil & gas fields in this region, whose annual productivity exceeds 5 million tons of oil equivalent.

The extensive exploration of Dagang Oil Province commenced in the early 1960s. In December 1964, North-Dagang Oilfield was discovered, leading to the mass development of this oil province. The Eogene System in the Huanghua depression is the major target zone, which is characterized by multi-source, multi-directions and thick deposits.

In recent years, CNPC has strengthened the exploration of the tidal zone and shallow water area of Dagang. In 2006, 3P reserves of 220 million tons were confirmed in the southern part of Dagang's tidal zone and shallow water area. Meanwhile, new breakthroughs were achieved in the exploration of Qikou depression, Chenghai area and the shallow zone of Neogene System. In 2008, 5.11 million tons of crude oil and 554 million cubic meters of natural gas were produced in Dagang.

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