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China's annual oil output is expected
to surpass 200 million tons in the 2010-2015 period, and the
production capacity will last for at least 15 years, a senior
official with the Ministry of Land and Resources said in Beijing on
Saturday.
Addressing a forum on China's energy
market building and energy risk control, Che Changbo, deputy
director of the ministry's Oil and Gas Resources Strategic Research
Center, said China's proven oil reserve would increase 800 million
to one billion tons a year on average between 2005 and 2020.
His estimate is based on the results of
a new round of assessment on China's oil and gas resources, which
covers 129 basins.
The results indicate that China's
natural gas output will move up steadily in the coming 15 years to
reach 90 billion or 110 billion cubic meters by 2010, and to 150
billion or 170 billion cubic meters by 2020.
Che predicted that China's oil output
will come to 183 million tons this year and natural gas output to 50
billion cubic meters.
The nation's oil and gas exploration
will see a new level if new breakthrough can be made in Tarim basin,
the East China Sea, the Qinghai-Tibetan area and the South China
Sea, Che said.
He advised to strengthen geological
academic research on oil and gas exploration and increase input in
the sector to enhance exploration
technology. |
Source: Xinhua News Agency |
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