The Liaohe oil field is an
oil field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...
located in
Liaoning
Liaoning () is a coastal province in Northeast China that is the smallest, southernmost, and most populous province in the region. With its capital at Shenyang, it is located on the northern shore of the Yellow Sea, and is the northernmost ...
Province (
Bohai Basin), China. It was discovered in 1958 and developed by
China National Petroleum Corporation. It began production in 1970 and produces
oil
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated ...
. The total
proven reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasona ...
of the Liaohe oil field are around 6.87 billion barrels (968×10
6 tonnes), and production is centered on . Production peaked in 1995.
References
Oil fields in China
Geology of Liaoning
Geography of Liaoning
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