Where is the new growth point for domestic oil and gas production against the trend?

According to data released by the National Bureau of Statistics a few days ago, from January to September, my country's crude oil production reached 146.

From 2016 to 2018, crude oil production fell for three consecutive years.
After the “Three Barrels of Oil” implemented the “Seven-Year Action Plan for Increasing Reserves and Production” in 2019, production stopped falling and rebounded, with a year-on-year increase of 1.
0%.

"Because the current crude oil price is not high, if the output declines, the profit of the oil companies will be lower, which is not conducive to the expansion of the market and profitability of the oil companies.
In addition, many oil wells are low-yielding wells.
The development goal of improving quality and efficiency.
" Chen Yongwu said, "Low oil prices and low gas prices are a good time to import, but it is more important to ensure national energy security.
There are risks such as price instability in international oil prices and imported LNG (liquefied natural gas).
, We need domestically produced oil and gas to provide us with a "pocket.
" There is a lot of production, and there is also a lot of room for adjustment, which can better prepare for reserves.
"

Innovative technology opens up potential resources

At present, the new proven reserves of oil and gas are deteriorating, and unconventional resources will be the main battlefield for accelerating the development of reserves and production.

　　"Promoting the internal circulation of mineral rights areas and establishing a more complete and open market investment system are effective means to stimulate exploration vitality.
But more importantly, it is more important to open up potential resources through technological innovation, and provide for stable production of 200 million tons of crude oil and increased reserves and production of natural gas.
'Reserve forces'.
" Chen Yongwu said.

　　As the reserves of high-quality conventional oil and gas resources decrease, my country's oil and gas resource development is increasingly turning to ultra-deep oil and gas, shale oil and gas, deep water oil and gas, coalbed methane and other fields.
The exploitation of these resources is technically difficult and costly, so innovating and upgrading technologies and realizing large-scale development of low-grade resources are important guarantees for ensuring breakthroughs in exploration and improving exploration efficiency.
To solve the problem in the long run, we must accelerate the upgrading of key oil and gas technology and the localization of key oil and gas equipment.

　　At present, the state has also increased its guidance and support for the development of oil and gas science and technology innovation.
At the recent symposium of scientists, it was once again emphasized that my country’s dependence on foreign oil has reached more than 70%, and the development of oil and gas exploration and development, and new energy technologies are insufficient.
It is necessary to speed up the resolution of some key issues that restrict the development of technological innovation.

　　Sinopec General Manager Ma Yongsheng said that in the future, with the rapid development of unconventional oil and gas theory, the basic theory of oil and gas geology will continue to expand and improve.
With the support of a new generation of intelligent exploration and development technology systems, conventional-unconventional petroliferous basins will be formed.
The overall evaluation and multi-layer three-dimensional exploration pattern will bring about a new round of oil and gas reserves and production growth.

Transfer from: China Energy News

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