China CNPC's 2011 Overseas Oil, Gas Output Gets New High

State-owned China National Petroleum Corp said it produced over 100 million mt of oil equivalent of oil and natural gas from its overseas assets in 2011 -- a record high -- according to a report on its website Monday.

Overseas production in 2011 sharply surpassed the previous all-time high of 86.73 million mt of oil equivalent recorded in 2010 for overseas output. The report did not provide the exact production figure for 2011.

CNPC said last week that it produced a total 107.54 million mt (2.16 million b/d) of crude oil in 2011, up 2.13 million mt or 2% from 2010. In 2011, the company produced 75.5 billion cubic meters of natural gas, an increase of 3 billion cu m or 4% higher year on year.