Area Drilling

06/18/2001
ChinaShanghai Petroleum Corp. hopes to double production and reserves from Pinghu gas and condensate field in the East China Sea.Production, now 28-35 MMcfd, is to grow to 71-78 MMcfd by 2003. Reserves are to double to 777 bcf by the same year, SPC told Interfax. Condensate reserves are 58-73 million bbl. Field interests are SPC 40% and Sinopec Star and China National Offshore Oil Corp. each 30%.A gas pipeline hauls Pinghu gas to Shanghai. Gas consumption in Shanghai is expected to reach 134 bcf/year by 2005 and 247 bcf/year by 2010.Of the gas used in 2000, 40% was for power generation, 30% for domestic, and 20% in the chemical sector. The city plans to build a 1,000-kw gas fired power pl...
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