The current situation and trend of offshore oil development in China

Abstract

Offshore petroleum resource of China development value has been recognized as very high. While Chinese oil companies, has promoted the development of offshore oil field, mainly shallow place (500m or less). Offshore petroleum development plans in the future, has submitted plans to implement in earnest the development of deepwater oil field.
In this paper, the status of offshore oil development technology in China, discusses the development trends of present deepwater oil field development, especially to be expected for future offshore oil development.