Crude oil output at China Petrochemical Corporation (Sinopec)'s Shengli oil field in 2007 stood at 27.708 million tons, surpassing its annual target, said Sinopec on its website Monday.
Shengli, located in eastern Shandong Province, is the country's second largest oil field after the northeastern Daqing oil field.
Statistics from Sinopec revealed that the oil field's output in 2007 was 120,800 tons above the plan, accounting for two-thirds of the total crude oil production of Sinopec, the country's largest oil refiner.
During the past 40 years, its aggregate output of crude oil reached 880 million tons.
Cumulative production of natural gas topped 39.816 billion cubic meters by the end of 2006.
The company said it was using enhanced recovery techniques at Shengli to improve production.
(Xinhua News Agency January 15, 2008)
