China＇s Giant Oilfields： Discovered ＆ to Be Discovered

World oil production and reserve additions heavily depend on giant oilfields. Currently, there are more than 4,000 producing oilfields in the world, producing around 68 million barrels of oil per day. Most oilfields in the world are minor ones, with oil production below 20,000 barrels per day; only 3% （about 120） oilfields in the world produce over 100,000 barrels per day with overall daily production exceeding 32 million barrels, which accounts for 47% of the total world oil supply . The scales of the oilfields heavily influence economic indices like investment, production and life spans of the oilfields. Therefore, giant oilfields have always been the dream of oil finders and targets of geologists＇ researches .