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The first post

Saturday, September 20th 2008, 8:32am

by Shankar

New oil production from China and India last week - reducing the energy deficit

China :
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Extract from : Xinhuanet

The China National Offshore Oil Company Limited (CNOOC Ltd.) said on Tuesday that another platform at the Peng Lai (PL) 19-3 oil field, China's largest offshore field, had come on stream.

Platform B is one of five platforms in phase II of PL 19-3.
Platforms A and C have started production, with D and E to commence production in succession, according to CNOOC Ltd.

India :
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Extract from : Bloomberg

Reliance Industries Ltd., India's most valuable company, started producing oil at its largest field, moving a step closer to boosting the nation's energy supply.

Production started with 200 barrels of oil a day at one well in MA field in the D6 area of the Krishna Godavari basin on Sept. 17 and reached 7,000 barrels a day today, said a company official, who declined to be named before an announcement likely this weekend.