China's Daqing Oilfield surpasses one million tonnes in shale oil output

Core Insights - Daqing Oilfield's Gulong shale oil block has achieved over one million tonnes in annual output, indicating a successful transition to scaled production [1] - Shale oil is a crucial energy resource for China, with reserves significantly exceeding those of conventional oil, contributing to the country's energy security [2] - Daqing Oilfield has developed five core technologies for large-scale shale oil production over five years, resulting in a continuous increase in output [3] Company Overview - Daqing Oilfield, a subsidiary of China National Petroleum Corporation (CNPC), has been instrumental in the development of China's petroleum industry since its discovery in 1959 [4] - The oilfield has produced over 2.5 billion tonnes of crude oil, representing 36 percent of China's total onshore output [4]