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 CHINA
(TAIWAN)
North Asia
In China-Taiwan the Chinese Petroleum Corporation
(CPC) is the national oil company and it dominates activity.
Production from several small onshore fields is declining
and has done so since 1987. Taiwan briefly produced very small
amounts of oil and gas offshore between 1986 and 1994 but there is no
offshore production now.
 The only potential for additional production lies
offshore in the Tainan basin of the Taiwan Strait, which is being
jointly explored in a co-operative agreement between CPC and CNOOC,
signed in 2002. CPC has already drilled several wells in the Tainan
basin but no new discoveries have yet been made.
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CAPITAL
Taipei
Population
23.1 million
Onshore area
(000's sq kms)
36.0
Offshore area
(000's sq kms)
NEW
OIL PEAK YEAR
1987 |
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