Daqing Field
Daqing Field formerly called "Taching", is the largest oil field
Oil field
An oil field is a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area...

 in the People's Republic of China
People's Republic of China
China , officially the People's Republic of China , is the most populous country in the world, with over 1.3 billion citizens. Located in East Asia, the country covers approximately 9.6 million square kilometres...

, located between the Songhua river
Songhua River
The Songhua or Sunggari River is a river in Northeast China, and is the largest tributary of the Heilong River , flowing about from Changbai Mountains through Jilin and Heilongjiang provinces. The river drains of land, and has an annual discharge of .As the Second Songhua River, it joins the...

 and Nunjiang river in Heilongjiang
For the river known in Mandarin as Heilong Jiang, see Amur River' is a province of the People's Republic of China located in the northeastern part of the country. "Heilongjiang" literally means Black Dragon River, which is the Chinese name for the Amur. The one-character abbreviation is 黑...


Discovered in 1959 by Li Siguang
Li Siguang
Li Siguang , is the founder of China's geomechanics. According to his daughter, he was a Mongol in China. He made outstanding contributions to changing the situation of "oil deficiency" in the country, enabling the large-scale development of oil fields to raise the country to the ranks of the...

. Wang Jinxi (known as 'Iron man' Wang, who led No. 1205 drilling team) worked on this oilfield. This field has produced over 10 Goilbbl of oil since production started in 1960. Daqing contained 16 Goilbbl or 2.2 billion tons in the beginning; the remaining recoverable reserves are about 3.6 Goilbbl or 500 million tons. The current production rate is about 1 Moilbbl/d, making it the fourth most productive oil field in the world.
It is reputed that during the first two decades of the life of the field, as much as 90% of the oil was wasted.

When the Chinese government began to use to pinyin
Pinyin is the official system to transcribe Chinese characters into the Roman alphabet in China, Malaysia, Singapore and Taiwan. It is also often used to teach Mandarin Chinese and spell Chinese names in foreign publications and used as an input method to enter Chinese characters into...

 Western characters for Romanization
In linguistics, romanization or latinization is the representation of a written word or spoken speech with the Roman script, or a system for doing so, where the original word or language uses a different writing system . Methods of romanization include transliteration, for representing written...

, the field's name became known as Daqing.

Daqing Oilfield Company Limited, based in Daqing
Daqing is a prefecture-level city in the west of Heilongjiang province of Northeast China. The name literally means "Great Celebration".Its population is 2,904,532 at the 2010 census whom 1,042,902 in the built up area made of 4 out of 5 urban districts It was founded in 1959 to house workers...

, is the operator of exploration and development of Daqing Oilfield. From 2004, the company plans to cut its crude oil output by an annual 7% for the next seven years to extend the life of Daqing.
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