PetroChina,
formed
13
years
ago
by
the
Chinese
government
and
listed
in
Hong
Kong,
reported
full-year
crude
production
last
year
of
886.1
million
barrels.
That
equates
to
about
2.43
million
barrels
per
day,
more
than
ExxonMobil’s
daily
output
of
2.3
million
barrels.
PetroChina
saw
its
crude
production
grow
by
3.3%
in
2011
while
the
US
giant’s
output
slipped
by
about
5%
for
the
year.
The
Chinese
company’s
growth
was
driven
by
a
concerted
effort
to
boost
production
capacity
at
new
and
existing
oilfields
through
improved
technologies.
“Major
development
indicators
of
the
existing
oilfields
continued…
