Annual Yushulin Oilfield Development Co., Ltd. (hereinafter referred to as the Company) was formed by the merger and reorganization of the 11th Oil Production Plant of the former Annual Petroleum Administration Bureau and Shuer Company on September 4th, 1998. It is a joint venture between Daqing Oilfield Co., Ltd. and Zhaodong Petroleum Development Company of Heilongjiang Province. The company has 22 employees 11person, including 666 national contract employees, 28 market-oriented employees, 38 employees with children and 479 temporary contract workers1person. The registered capital is RMB1271900 million yuan, of which Daqing Oilfield Co., Ltd. holds 88 16% and Heilongjiang Zhaodong Petroleum Development Company holds1.84%. The highest decision-making body of the company is the shareholders' meeting, with a board of directors and a board of supervisors. The board of directors consists of 12 manager, 1 1 departments and offices and 24 grass-roots units. The company's main business scope includes: oil and gas exploration, oil and gas production, oil and its products sales, natural gas processing and sales.