CHINA'S OFFSHORE OIL PRODUCTION RAMPING UP

Although exploration off China has not yielded the giant fields hoped for, offshore oil production continues to increase and is on target to meet Beijing's near term goals. Chinese offshore production began in 1985 and has undergone a 400% jump the last 5 years. China National Offshore Oil Co. (Cnooc) Pres. Zhong Yiming predicts Chinese offshore production will climb to 100,000 b/d by 1992. Recent discoveries may result in production doubling from current levels by late 1992 or early 1993,

Jun 3rd, 1991
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