CHINA PLACES FIRST SELF-FINANCED OFFSHORE DEVELOPMENT ON PRODUCTION

China's Bohai Oil Co. (BOC) last month started up its first exclusively self-financed offshore petroleum development. jinzhou 20-2 oil and gas/condensate field went on stream in the Liaodong Bay area of the Bohai Sea with production of 53 MMcfd of gas and 3,019 b/d of condensate (OGJ, Aug. 17, p. 46).

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