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 presen ...

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 northernmo ...

Province ( Bohai Basin), China. It was discovered in 1958 and developed by

China National Petroleum Corporation The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth ...

. It began production in 1970 and produces oil. 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 (968×10⁶ tonnes), and production is centered on . Production peaked in 1995.

References

Oil fields in China Geology of Liaoning Geography of Liaoning {{PRChina-geo-stub