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On July 29, the Ministry of Natural Resources issued the National Report on Exploration and Exploitation of Oil and Gas Resources (2019) shows that China's oil and gas exploration and discovery momentum is good, mining has made many important breakthroughs, oil and gas proven reserves have increased significantly.
2019, 2 billion tons of new oil fields, 3 billion square natural gas fields and 3 billion square shale gas fields.
data show that oil has added 1.124 billion tons of proven geological reserves in 2019, up 17.2% year-on-year, and continues to grow rapidly since 2018.
, there are three new proven geological reserves of more than 100 million tons of basins, namely, the Ordos Basin, the Quangal Basin and the Bohai Bay Basin (including the sea area);
new proven geological reserves of natural gas were 809.092 billion cubic meters, down 2.7% year-on-year.
, there are two new basins with proven geological reserves greater than 100 billion cubic meters, namely the Ordos Basin and the Sichuan Basin.
there are three new gas fields with proven geological reserves greater than 100 billion cubic meters, the Jingbian and Suriga gas fields in the Ordos Basin, and the Anyue gas field in the Sichuan Basin.
new proven geological reserves of 764.424 billion cubic meters, up 513.1% YoY, and new reserves from China Petroleum's Changning shale gas field in Sichuan Basin, Weiyuan shale gas field, solar shale gas field and Sinopec's Yongchuan shale gas field in the Sichuan Basin, of which China Petroleum's three shale gas fields have more than 100 billion cubic meters of proven geological reserves.
new proven geological reserves of 6.408 billion cubic meters, down 56.4% YoY, and new proven reserves from the Wenjiaba coalseam gas block of Guizhou water mine. At the same time
, investment in exploration and exploitation of oil and gas (including oil, gas, shale gas, coal seam gas and natural gas hydrates) in 2019 was RMB82,129 million and RMB252.710 billion, respectively, up 29.0% and 24.4% YoY, respectively.
reports show that oil production has stopped falling back to stability, natural gas and coal seam gas production has increased steadily, and shale gas production has increased rapidly.
by the end of 2019, 1040 oil and gas fields (756 are oil fields and 284 have been gasfields), 7 have shale gas fields, 25 have coal seam gas fields and 3 have been co2 gas fields.
has produced a total of 7.126 billion tons of oil, 2.23 trillion cubic meters of natural gas, 49.201 billion cubic meters of shale gas, and 24.478 billion cubic meters of coal seam gas.
2019, the country's oil production was 191 million tons, up 1.1% YoY, of which the basins with output greater than 10 million tons were Bohai Bay (including the sea), Songliao, Ordos, Quangal, Tarim and Pearl River Estuary Basins, with a total of 167 million tons, accounting for 87.6% of the country's total.
the country's natural gas production of 150.884 billion cubic meters, more than 100 billion cubic meters for 9 consecutive years, an increase of 6.6% YoY, of which, the output of more than 5 billion cubic meters of the basin is Ordos, Sichuan, Tarim, Pearl River Estuary, Chaidamu and Songliao Basin, the total output of 135.268 billion cubic meters, accounting for 89.7% of the national total.
the country's shale gas production of 15.384 billion cubic meters, up 41.4% YoY, mainly from the Sichuan Basin and The Perimeter.
the production of coal seam gas developed on the ground in 2019 was 5,463 million cubic meters, an increase of 6.1% year-on-year.
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