The new proven reserves of the Lingshui 36-1 gas field discovered in the southeast waters of Hainan Island in my country passed the review and filing by the relevant state departments on the 7th. The proven geological reserves of natural gas exceeded 100 billion cubic meters, making it the world's first ultra-deep-water and ultra-shallow large-scale gas field.So far, our country has accumulated more than 1 trillion cubic meters of proven natural gas geological reserves in the three basins of Yinggehai, Southeast Qiongdong, and Pearl River Estuary, helping the country's energy security. At present, ultra-shallow gas is an important oil and gas resource in deep-water areas. It generally refers to natural gas buried at a depth of less than 300 meters. Exploration and development face difficulties such as the difficulty of ultra-shallow burial and preservation, the difficulty ...

The "Energy Law" is a comprehensive and procedural law with a cornerstone status in the energy field of our country.From April 26th to May 25th this year, the National People's Congress promulgated the "Energy Law (Draft)" and solicited opinions from the whole society, which aroused enthusiastic responses from all walks of life, marking the major achievements of our country's energy law legislation in the past 20 years.After further deliberation and promulgation and implementation of the "Energy Law (Draft)", it will play an active role in promoting energy transformation in an orderly manner, achieving high-quality energy development, and helping to build a modern socialist country. When the legislation of the "Energy Law (Draft)" is in progress 1.What stage is the "Energy Law (Draft)" in the legislative work, and how long is it expected to be promulgated and impl...

Upstream free cash flow is at a high level, oil and gas companies control capital expenditures Starting in 2021, the world economy has gradually recovered from the new crown epidemic, and oil and gas prices have also risen. As a result, the free cash flow created by oil and gas companies has increased significantly.Especially in 2022, the Russian-Ukrainian conflict broke out and oil and gas prices rose sharply. The total free cash flow generated by the exploration and development activities of listed oil and gas companies around the world increased by 50% to more than US7700 billion, a record high.In 2023, although this data has declined, it is still at a historically high level. It is worth noting that the business philosophy of U.S.-listed oil and gas exploration and development companies, especially shale oil and gas companies, has changed.These companies have focused on...

China Petroleum Network news (reporter Wang Yanni, correspondent Yang Dongjie) learned from the diary on April 2 that the country's first underground gas storage reservoir, the Lama Dian Gas Storage Reservoir in Daqing Oilfield, successfully completed the task of natural gas supply last winter and this spring. It lasted for 117 days and produced a total of 90.23 million cubic meters of gas, exceeding the plan by 10 million cubic meters, and the daily output exceeded 1 million cubic meters. During this round of winter supply, in order to cope with extremely cold weather, the La'er gas injection station system of the Lama Dian Gas Storage Reservoir in Daqing Oilfield summarizes the work experience over the years, establishes a perfect communication, coordination and emergency response mechanism, adopts a “3+1” operation and maintenance model, and strive...

Recently, the newly developed XJ27.5 million-meter vehicle-mounted workover rig developed by Petrochemical machinery successfully completed many tests and was put into use in the 5-5H well of the Shunbei oil and gas field, successfully filling the gap in the field of ultra-deep workover operation equipment, marking the entry of China's workover engineering technology and equipment level into the era of 10,000 meters deep. In recent years, deep-sea, deep-water, and unconventional oil and gas exploration and development have gradually become the mainstream, and higher requirements have been put forward for oil and gas equipment.Ultra-deep oil and gas wells with a depth of more than 9,000 meters have high bottom pressure and high temperature, making mining difficult.Without excellent workover equipment, oil and gas wells cannot resume production in time, and the overall economic b...

In recent years, China's energy demand has been rising day by day, conventional oil and gas resources have been rapidly consumed, and the contradiction between oil and gas supply and demand has become prominent.Seizing new opportunities for the development of unconventional oil and gas resources is not only a need to ensure national energy security, but also an inevitable choice for our country based on the endowment of oil and gas resources. The national "14th Five-Year Plan for the Modern Energy System" proposes to actively expand the exploration and development of unconventional resources, increase the development of shale oil, shale gas, and coal bed methane, and include resource areas such as Jimusar shale oil, Ordos Basin shale oil, dense gas, and Songliao Basin Daqing Gulong Shale oil in key energy security projects. Four drilling rigs of Shengli Petroleum En...

Recently, good news came from PetroChina Changqing Oilfield. After two years of exploration and exploration, the oilfield discovered a large oil field with geological reserves of more than 100 million tons in the Hongde area of Huanxian County, Gansu Province, marking a major breakthrough in oil exploration in the western fault fracture area of the Ordos Basin, opening up a new field of oil exploration and development in the western part of the basin. My country is a large energy consumer, second only to the United States in oil consumption, the second largest oil consumer in the world, and the third largest natural gas consumer in the world.At the same time, my country is also a large energy importer.In recent years, our country's external dependence on crude oil has exceeded 70%, which is much higher than the usual international cordon of 50%.The external dependence ...

As of the end of October, a total of 55 drilling and evaluation wells had been completed in Jilin Oilfield, with a cumulative depth of 180,600 meters and a three-dimensional seismic area of 750 square kilometers, which exceeded the planned workload for the whole year two months in advance. Since this year, Jilin Oilfield has highlighted its position as a “leader” in exploration. Focusing on the core tasks of high-efficiency well positions and economically recoverable reserves, it has carved and refined, and made every effort to promote three-dimensional exploration in Southern Sichuan, fine exploration in Songnan, and risk exploration in new areas and new areas. Important discoveries have been made in a number of exploration fields, and various task indicators have been exceeded ahead of schedule. Optimize and optimize to improve storage efficiency.Highlight the...

During the third “Belt and Road” International Cooperation Summit Forum, Sinopec and Kazakhstan National Oil and Gas Company signed a shareholding agreement on Kazakhstan Polyethylene Project Company. According to the agreement, Sinopec will obtain a 30% stake from Kazakhstan's National Oil and Gas Company and other partners to participate in Kazakhstan's largest polyethylene project.It is expected that the equity settlement will be completed in the first quarter of 2024.The project is currently in the extended basic design (EBD) stage, and it is expected that the shareholders will complete the final investment decision of the project in 2024. It is understood that Sinopec and Kazakhstan National Oil and Gas Company have a foundation of cooperation for many years, and the signing of this agreement marks a new level of cooperation between t...

PetroChina officially acquired a 100% stake in Putian New Energy to expand its charging network. On September 7, China National Petroleum Corporation delisted from the Beijing Intellectual Property Exchange and acquired a 100% stake in Putian New Energy Co., Ltd. The reserve price for the equity transfer was nearly 1.5 billion yuan.This acquisition is an important layout of PetroChina in the field of charging. Putian New Energy is the earliest central-owned enterprise in China to carry out charging business. It has a layout in the fields of vehicle technology, power batteries, charging equipment, carbon trading and value-added services, and can provide overall solutions for urban new energy vehicle application promotion and operation services.As of recently, the number of public charging piles of Putian New Energy has exceeded 20,000 units. This acquisit...

PetroChina released news on the 23rd: China's first 10,000-meter exploration well, the deep Taco 1 well, has a drilling depth of more than half.The deep Taco 1 well is located in the Tarim Basin of Xinjiang, with a design depth of 11,100 meters. Since drilling started on May 30 this year, it has completed the drilling task in the shallow and medium layers, with a maximum daily drilling depth of 567 meters. Generally speaking, drilling with a drilling depth of more than 6,000 meters is called ultra-deep wells.Drilling ultra-deep wells brings the limits of multiple drilling and completion technologies such as ultra-high temperature and ultra-high pressure. For every 100 meters deep underground, the temperature will increase by about 2 degrees Celsius, and the underground will face a high temperature of about 220 degrees Celsius.At present, although the drilling depth of th...

Recently, the first set of 10,000-ton green hydrogen project in China, the demonstration project of Narisong Photovoltaic hydrogen production industry in Zhungeqi, Ordos City, was successfully produced by the EPC general contracting of China Petroleum Huanqiu Beijing Company, marking the company's major achievements in the field of new energy. Achievements. This project is currently the largest single green hydrogen project in China, the first large-scale green electricity-to-green hydrogen project of the Three Gorges Group, and the first large-scale new energy comprehensive utilization project in Inner Mongolia.For the first time, the project efficiently and closely combines two clean energy sources, solar energy and hydrogen energy, and adopts IGBT rectifier technology for the first time, with an annual output of 10,000 tons of green hydrogen and 85,000 tons...