Over the years of exploitation, most Karamay oil deposits are depreciating due to over exploitation. Therefore, it is important to employ new technologies in this specific location so as to ensure maximum production of oil at a minimum cost (Brown 316). The first classification includes unprocessed oil from large oil fields with a capacity of more than 100,000 barrels per day throughout the year. Large oil fields that do not attain the threshold of more than 100,000 barrels will be grouped in the second category. Such fields will be termed as dwarf oil fields. Other categories include condensate and natural oil gas. In Karamay oil fields accounts 90% of total oil production in China’s. All active oil fields have peaked and now they are deteriorating. However, it is fundamental to ensure that enhanced oil recovery techniques are applied so as to counter the declining of oil products (Alagic et al. 220).
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