Report summaryTaiwan first produced oil and gas in the early 19th century whilst under control of the Japanese. By the end of World War II, output had fallen considerably, and state national oil company CPC was formed to revive flagging production levels. CPC produced its first volumes of oil and gas from greenfield projects in 1959, with output reaching peak rates of 192 mmcfd and 4,350 b/d in 1978. Since then, with the exception of a few sporadic jumps, output has steadily declined. We model the ...
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