Cumulative oil production of Northwest Oilfield exceeded 36 million tons during the period of “twelfth five-year plan”
On March 14, Northwest Oilfield of Sinopec declared its achievement during the period of “twelfth five-year plan”. With the cumulative oil production of 36.33 million tons and natural gas of 8.1 billion cubic meters, its income reached 123 billion yuan and profit reached 44.2 billion yuan after turning over 40.4 billion yuan of taxes. Making the improvement of quality and efficiency as the center, oil and gas exploration and development work showed a good momentum of development.
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