CPC's response to the question of Taiwan's long-term energy needs has been
to secure its supplies by taking ownership of overseas sources of oil and natural
gas and thereby also reduce its import costs. CPC has been investing abroad for
many years through its affiliate Overseas Petroleum and investment Company
(OPIC) with the twin goals, as mentioned above, of locking in stable supplies
over the long-term through ownership or control of the resources. As of the
end of 2013, CPC was engaged in cooperative exploration and production in 25
fields spread over 10 countries.
CPC's 13 currently-producing fields consist of Blocks 16 and 17 in Ecuador,
Indonesia's Sanga Sanga, Niger's Agadem and, in the USA, the Hurricane Creek
project (eight fields) and the Austin Chalk site. In all of 2013, CPC's output share
was 5.45 million barrels of oil and 351 million cubic meters of natural gas.
Upstream Operations
Locking-in more sources of energy and
cooperating on international exploration
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