National Energy Administration: Enhance oil gas exploration development efforts to find new large medium oil gas fields

Recently, the National Energy Administration held a work promotion meeting to vigorously enhance oil gas exploration development in 2021, to re-learn re-mobilize the efforts to vigorously enhance oil gas exploration development, promote the high-quality development of oil gas industry to a new level.

Zhang Jianhua, head of the National Energy Administration, said at the meeting that the administration has implemented a seven-year action plan to increase reserves production in the oil gas industry in 2019. Over the past three years, the oil gas industry has unswervingly promoted the increase of oil gas reserves production, made great efforts to solve deep-seated technical problems, resulting in fruitful oil gas exploration development. Oil production has been increased stabilized, natural gas production has continued to increase at a rapid rate, which has strengthened the trend of stable oil gas growth. This year, in particular, we fought the offensive battle of oil gas exploration development, exceeding the targets tasks.

Zhang Jianhua stressed that to improve the political position, adhere to the long-term grasp of unremitting, continue to enhance the intensity of oil gas exploration development investment. We will promptly grasp the implementation plan for increasing reserves production, increase investment in exploration development funds work. To break through a series of key technologies for oil gas exploration development, strive to find new large medium-sized oil gas fields, greatly increase the production recovery of single Wells; We will actively foster new driving forces for increasing oil gas reserves increasing production, strengthen offshore oil gas exploration development, advance the shale revolution. Accelerate the revitalization of untapped reserves, accelerate the withdrawal circulation of oil gas mining rights; We will fully implement the green production of oil gas, promote energy conservation carbon reduction in production, replace production with clean energy, carry out pilot demonstration programs for CCUS. We should give full play to the obvious advantages of concentrating resources to do big things form a strong joint force to support the work of increasing oil gas reserves increasing production.

It is important to note that at this meeting, China petroleum chairman Zhang Yuzhuo Dai Houliang, sinopec chairman, China's cnooc chairman Wang Dongjin extend li yong, general manager of cnooc, shaanxi, China petroleum chairman LanJianWen introduces the progress, daqing, changqing, northwest the bohai oilfields with focus on four increase in oil reserve production has made the typical speech.

The above-mentioned four enterprises are the main forces of domestic oil gas exploration development. Since 2016, China's crude oil production has been declining for three consecutive years. In 2019, the National Energy Administration formulated a seven-year action plan to increase reserves production in the oil gas industry. Domestic oil companies increased investment in exploration development funds science technology, upstream exploration results emerged in intensive form. China's crude oil output stopped falling rebounded for the first time in four years.

Since the beginning of this year, domestic oil gas enterprises have vigorously promoted oil gas exploration development. Major oil gas discoveries have been made repeatedly, oil gas production has increased steadily, providing energy guarantee for high-quality economic social development.

Newer data show that in the first half of the year, crude oil production was 99.32 million tons, up 2.4% year on year, the growth rate was 0.7 percentage points higher than the same period last year. A two-year average growth of 2.0%; Natural gas production was 104.5 billion cubic meters, up 10.9 percent year on year, 0.6 percentage points higher than the same period last year. The two-year average growth was 10.6 percent.

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Source: International Gas Network