2002

January

Jan.   CNPC and Turkmenistan Petroleum Corporation sign an EOR contract at Gumdag Oilfield.

April

Apr. 15   PetroChina Co. Ltd. announces purchase of equity in Devon Energy's Indonesian oilfield operations.

July

Jul. 04   Construction of the longest natural gas pipeline in China — the West-East Gas Pipeline — was launched.

October

Oct. 18   The first long-distance refined products pipeline of CNPC — Lanzhou-Chengdu-Chongqing Products Pipeline — was put into operation.

November

Nov. 18   A major discovery is made at the Daqing Oilfield, when the testing of well Bei 16 in the Hailar Basin's Bei'er sag yields a high daily oil flow of 125.82 tons.

December

Dec. 05   Restructuring of PetroChina's top management is carried out, with Wu Yaowen and Ren Chuanjun appointed Vice Chairpersons, Chen Geng appointed President, and Su Shulin appointed Senior Vice President.

Dec. 06   CNPC holds a meeting in Beijing to announce the establishment of two new subsidiary companies: BGP Inc. and China Petroleum Logging (CPL) Co. Ltd., indicating that CNPC has made substantial progress in optimizing allocation of resources, promoting structural adjustment and strengthening its major operating units.

Dec. 24   Annual crude production at Xinjiang Oilfield tops 10 million tons, making it western China's first 10-million-ton oilfield.

Dec. 26   Deep strata testing of Daqing Oilfield's well Xushen 1, located in the central Xujiaweizi fault depression of the Songliao Basin, reveals the presence of a natural gas reservoir containing over 30 billion cubic meters of natural gas in place.

Dec. 26   Annual crude production at the Tarim Oilfield totals 5.006 million tons, breaking the 5-million-ton mark for the first time and elevating Tarim to number six among China's top-producing onshore oilfields.