Bohai Bay accounts for half of oil output rise

China’s largest crude production base, located in Bohai Bay, has produced more than 500 million metric tons of oil and gas equivalent so far with annual production gradually rising each year, said its operator China National Offshore Oil Corp, the country’s top offshore oil and gas producer.

Oil and gas production in Bohai oilfield exceeded 30 million tons last year, which is half of the country’s crude oil output increase in 2021, it said.

“Five hundred million tons of oil is approximately equivalent to the basic demand of the country for one year and it has also significantly contributed to the country’s domestic energy security and economic development,” said Wang Yu, production manager of the company’s Tianjin branch office.