PetroChina Daqing Oilfield lose over 5 billion yuan in the first two months

It is understood that the succeeding reserved resources of Daqing oilfield is insufficient, with only 197 million tons of remaining recoverable reserves, and oilfield development benefit is gradually worsening. In 2015, Daqing Oilfield first reduces production, and during the 13th Five-Year Plan the reduced production is 1.3 million tons on average every year.

In the first two months, oil prices continue to decline. The losses of Daqing Oilfield reach 5 billion yuan, and the operating pressure is constantly increasing. Secretary of the Party committee in Daqing Oilfield Jiang Wanchun reports that to the general secretary in two sessions this year.

The data show that in 2015, Daqing Oilfield produces 38.386 million tons of crude oil, 3.53 billion cubic meters of natural gas, realizing 15.53 billion yuan of income, 10.2 billion yuan of profit and 35.8 billion yuan of taxes. Influenced by oil prices, they respectively decrease by 100.2 billion yuan, 54.2 billion yuan and 53 billion yuan compared with those in 2014.

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