Shengli Oil Field

The Shengli Oil Field is the second-largest oil field in the People's Republic of China, with daily production of approximately 650000 oilbbl.

It is located in the Yellow River delta, in the north of Shandong province bordering Bohai Sea. Its main working area covers 28 counties under the jurisdiction of eight prefecture level cities in Shandong Province, namely Dongying, Binzhou, Dezhou, Jinan, Weifang, Zibo, Liaocheng and Yantai. The major production area lies on both sides of the Yellow River Mouth.

The field was discovered in 1961 and its development began in 1964. It has accumulated proven oil of reserves of 4.63 billion tonnes.

In 2013, Shengli Oilfield grasped the two major oil and gas exploration blocks in the east and the west, focusing on "fine exploration to stabilize the foundation in the east and innovative breakthroughs to accelerate the development in the west", highlighting oil and gas discoveries and commercial discoveries, optimizing the exploration deployment and strengthening the economic evaluation. As of December 31, 2013, Shengli Oilfield fully completed the production and operation tasks in 2013, adding 81.75 million tons of new controlled reserves and 91.28 million tons of forecasted reserves for the year, and producing 27.762 million tons of crude oil.