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1. The annual production of the oilfield is expected to be 14 billion cubic metres by then.

2. Citigroup upgraded China Oilfield Services Ltd to buy from hold yesterday after the mainland's top offshore specialist CNOOC announced strong capital expenditure for this year.

3. They collected materials and tested them to see if any matched the chemical makeup of the oil leaking from the Penglai oilfield.

4. Oil patches could easily be observed near Penglai oilfield's Platform C on Tuesday amid operations to clean up the spill.

5. Shares of PetroChina Co Ltd skyrocketed after the company announced it found the country's largest oilfield in the last 10 years at Bohai Bay.

6. The company also plans to increase its proven reserves in the oilfield.

7. Sinopec this month signed a contract with the Iranian oil ministry on the development of the Yadavaran oilfield in southwestern Iran.

8. China Oilfield wants to expand and benefit from rising demand for drilling services that has driven up the cost of hiring rigs.

9. PetroChina Daqing Oilfield produced 40 million tons of crude oil in 2012, the China National Petroleum Corp said.

10. Daqing is China's largest oilfield, with current annual production of about 45 million tons oil equivalent.