China Petroleum Changqing Oilfield System Planning Medium - and Long Term Development Plan
As of August 6th, the equivalent oil and gas production of Changqing Oilfield this year has reached 40.2843 million tons, steadily moving towards the annual target of 66 million tons.
After the mid year cadre meeting of China National Petroleum Corporation (hereinafter referred to as "CNPC") in 2023, the Party Committee of Changqing Oilfield systematically planned the medium and long-term development plan of the oilfield, initially clarifying the principle of "stability" before "large" and "large" above "stability", firmly increasing oil and gas storage and production, continuously consolidating the resource foundation, and resolutely ensuring national oil and gas security.
Changqing Oilfield promptly conveyed the spirit of the learning conference, combined with practical improvement of development plans and stage tasks, formulated and implemented supporting projects to enhance core competitiveness and enhance core functions of Changqing Oilfield, focusing on serving as the "pillar" of energy supply guarantee, the "vanguard" of low-carbon transformation, the "source" of technological innovation, and the governance of modern "demonstration areas", striving to achieve "Changqing Big, Changqing Strong, Changqing Strong, Changqing Beautiful, and Changqing Long".
Changqing Oilfield will serve as the backbone of energy supply and improve the sustainable supply capacity of oil and gas with high quality. The oilfield aims to improve the replacement rate of SEC reserves and improve the oil and gas storage production ratio, vigorously promoting efficient exploration and continuously consolidating the resource foundation; Starting from controlling the decline rate, improving the recovery rate, and enhancing the internal rate of return, we should do a good job in lean development, coordinate the effective improvement of quality and the reasonable growth of quantity; Solidly carry out mining rights management, firmly promote high-level storage and production balance, and high-quality oil and gas supply.
In response to the plan to rebuild a "green China Petroleum", Changqing Oilfield is striving to be a pioneer in low-carbon transformation and strategically developing emerging industries with a high positioning layout. Further improve the energy management system by prioritizing energy conservation and acting according to capacity; Adhere to diversified layout and clean energy supply, and do a good job in the overall layout of "wind, solar, gas, and hydrogen storage" in oil fields; Adhere to strategic reserves, plan for the future, and promote the construction of a 10 million ton CCUS industrial base.
Changqing Oilfield is based on low permeability and leading unconventional industries, creating a "source of scientific and technological innovation", winning the battle against key core technologies, building an integrated collaborative innovation platform, cultivating leading talents in scientific and technological innovation, accelerating the construction of national innovation highlands and talent highlands, and promoting technological self-reliance and self-improvement at a high level.
Changqing Oilfield insists on integrating the leadership of the Party into corporate governance, focusing on establishing a modern state-owned enterprise system with Chinese characteristics, continuously deepening reform and strengthening management, continuously improving the "oil company" system and mechanism, enhancing lean management level, highlighting digital technology empowerment, comprehensively strengthening risk control, striving to be a good "demonstration zone" for modern governance, and deepening a new round of state-owned enterprise reform actions from a high starting point.
