日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Companies

Sinopec to close four oilfields in Shandong

By Lyu Chang (China Daily) Updated: 2016-02-18 06:57

Sinopec to close four oilfields in Shandong

Workers check facilities at the Shengli Oilfield near Dongying, Shandong province. The oil producer is to shut down four oilfields to reduce costs amid plummeting oil prices. [HU QINGMING / FOR CHINA DAILY]

Closures are first in production base in more than five decades

China's second-largest oil major will shut down four oilfields in the country's eastern Shandong province to stay afloat amid plummeting oil prices.

China Petroleum & Chemical Corp, also known as Sinopec, will close the four oilfields in the Shengli oilfield, the nation's second-largest oilfield, later this year, company sources said. It will be the first shutdown after the first barrel of oil was pumped from the Shengli oilfield more than five decades ago.

The four oilfields are the least profitable projects in the area, sources said.

The closures signify a dramatic fall for the company. The Shengli oilfield, once one of the most profitable oil companies in China, reported about 9.2 billion yuan ($1.4 billion) in losses last year as global oil prices have fallen sharply over the past year.

Since June, global oil prices have fallen by more than half, with Brent crude oil currently below $30 a barrel for the first time since May 2009.

Experts said the sharp fall in global oil prices have led to revenue shortfalls for many energy majors in the world.

The Daqing oilfield, the largest oilfield explored by China's major oil and gas producer China National Petroleum Corp, reduced crude oil production in 2015 for the first time in seven years.

It produced about 38.4 million metric tons of oil last year, about 1.5 million tons lower than in 2014. Located in Northeast China's Heilongjiang province, the oilfield will further cut its production to 32 million tons by 2020.

According to official data, the average cost of oil production in China is roughly $40 a barrel. Experts said many oil producers failed to reach a profit when oil prices dropped under $30 a barrel.

"Many oil producers are facing the same kind of problem when crude prices fall," said Gao Jian, a crude oil analyst at Shandong-based consultant SCI International.

"It is normally the last straw when oil producers shut down oilfields because after the shutdown, if they wanted to reopen them, they could stand to lose millions of dollars per day," he said.

He said more rigs could begin to see a fall in production this year.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 国产4区 | 另类ts人妖一区二区三区 | 毛片18 | 亚洲国产欧美视频 | 亚洲色图17p| 久热精品视频在线播放 | 欧美成人综合 | 国产一级黄色 | 精品二区在线观看 | 手机看片日韩国产 | 中出在线观看 | 啪啪在线视频 | 日韩精品在线不卡 | 国产1区在线观看 | 最新国产在线视频 | 少妇久久久久 | 青青草成人影视 | 欧美特级特黄aaaaaa在线看 | 在线观看黄 | 日韩精品无码一区二区三区 | a天堂中文在线 | 色婷婷综合在线 | 国产一区二区视频免费 | 日本久久精品 | 爱爱短视频 | 欧美视频在线一区 | 婷婷伊人网 | 国产黄色免费在线观看 | 国产精品揄拍一区二区 | 四虎国产视频 | 国产1级片 | 天天操天天操天天操天天操 | 岛国av在线播放 | 草久视频在线观看 | 99视频免费 | 人人爱超碰 | 成人亚洲网站 | 亚洲精品免费看 | 伊人成综合 | 精品免费在线视频 | 在线看国产精品 |