In 1982 the Peoples' Republic of China awarded ARCO China Inc. the first-ever concession for offshore oil exploration by a foreign company. This historic event led to discovery of the 3 TCF Yacheng 13-1 gas field by ARCO China Inc. in 1983. This paper describes the US$1,125 billion Yacheng 13-1 Gas Project that will start-up in late 1995, some 1214 years after field discovery.

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