China - Liaodong Bay Petroleum Appraisal and Technical Assistance Project

Docunent of The World Bank FOR OFFaCIAL USE ONLY RpowtNo. 8938 PROJECT COMPLETION REPORT CHINA LIAODONG BAY PETROLEUM APPRAISAL AND TECHNICAL ASSISTANCE PROJECT (LOAN 2708-CHA) JULY 27, 1990 Industry and Energy Operations Division Country Department III Asia Regional Office This document bas a restricted distribution and way be used by recipients only in the performance of their offcial duties. Its contents may not otherwise be disclosed without World Bank authorization.  CURRENCY EQUIVALENTS Currency - Yuan (Y) Appraisal Estimate: $1.00 = Y 3.2 Actual 1986-89 : = Y 3.73 1990 s = Y 4.73 FISCAL YEAR January 1 to December .1 WEIGHTS AND MEASURES 1 cubic meter (m3) - 35.3 cubic feet (cf) 1 thousand cubic meters (mcm) = 35.3 thousand cubic feet (mcf) 1 million cubic meters (Mm3) - 35.3 million cubic feet (Mcf) 1 billion cubic meters (Bm3) 35.3 billion cubic feet (Bcf) 1 thousand cubic meters of natural gas 9.31 million kilocalories (Mkcal) 1 ton oil equivalent (toe) - 10.2 million kilocalories = 1,000 kilograms (kg) oil equivalent (kgoe) 1 barrel (bbl) of 0.85 specific gravity crude oil = 0.135 ton 1 barrel (bbl) - 42 US gallons = 0.159 cubic meter 1 m_ter (m) = 3.28 feet 1 kilometer (km) = 0.62 mile 1 square kilometer (km2) . 0.39 square mile ABBREVIATIONS AND ACRONYMS BOC - Bohai Oil Corporation CNOOC - China National Offshore Oil Corporation IOC - International Oil Company  FOR OmCAL USE ONLY THE WORLD BANK wa,hston. DC 20633 USA Wltc# d Ow.wCwaId July 27, 1990 MEMORANDUM TO THE EXECUTIVE DIRECTORS AND THE PRESIDENT SUBJECT: Project Completion Report on China Liaodong Bay Petroleum Appraisal and Technical Assistance Project (Loan 2708-CHA) Attached, for information, is a copy of a report entitled "Project Completion Report on China - Liaodong Bay Petroleum Appraisal and Technical Assistance Project (Loan 2708-CHA)- prepared by the Asia Regional Office with Part II of the report contributed by the Borrower. No audit of this project has been made by the Operations Evaluation Department at this time. Attachment This document hua aistfie distibution and may be used by reciPients only in the perfornunce of their offcu duties. u contents may not otherws be dissebid witbout World Bnk auhwuon.  FOR OFFICIAL USE ONLY CHINA LIAODONG BAY PETROLEUM APPRAISAL AND TECHNICAL ASSISTANCE PROJECT (LOAN 2708-CHA) PROJECT COMPLETION REPORT Table of Contents Page No. Preface ..