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Special Report - Depleted oil field is window into China's corruption crackdown

2014-12-19 02:45:30| Oil & Gas - Topix.net

In a muddy clearing in southern Sumatra, a portable diesel power plant hammers away alongside a wellhead, struggling to extract crude from a depleted reservoir that lies below farmland and rubber plantations. A subsidiary of China National Petroleum Corporation , PetroChina Daqing Oilfield, paid $85 million to pump from three blocks in the ageing Limau field under a 2013 contract with Indonesia's state-owned oil company, Pertamina, according to senior Chinese oil industry officials with knowledge of the transaction.

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