Huaxia Energy Network learned that recently, the "Three Barrels of Oil" successively held the 2023 Oil and Gas Exploration and Development Conference to summarize the oil and gas exploration achievements in the past year and deploy the key work in oil and gas exploration in the next year.
Remarkable results have been achieved in oil and gas exploration
The meeting showed that in the field of oil and gas exploration, the "three barrels of oil" have achieved good results this year.
In terms of PetroChina, Dai Houliang, chairman and secretary of the party group, pointed out that a series of new discoveries and breakthroughs have been made on the oil and gas exploration front, which has effectively supported the steady rise of first-class production and the rapid growth of natural gas production, and the "three 100 million tons" pattern of domestic and foreign oil and gas business has been further consolidated and developed, and the large-scale development of new energy has been comprehensively accelerated.
In terms of Sinopec Group, Ma Yongsheng, chairman and secretary of the party group, said that in 2023, the domestic upstream will continue to press ahead, vigorously implement the action of increasing production, reducing costs and improving efficiency, achieve new breakthroughs in oil and gas exploration, create a new level of development, and reach a new level of natural gas development, show new highlights in new energy, and continue to deepen reform management.
In terms of CNOOC Group, Wang Dongjin, Secretary of the Party Leadership Group and Chairman of the Board of Directors, pointed out that in 2023, the company will vigorously implement the project of increasing reserves and production, and make every effort to promote the construction of an oil and gas resource supply guarantee center, and the company's oil and gas exploration performance will hit a record high.
For example, in the first three quarters of this year, Sinopec (SH:600028) achieved oil and gas equivalent production of 37.6 billion barrels, up 36%, of which, natural gas production is 9929800 million cubic feet, up 87%。
PetroChina (SH:601857) achieved the highest output of 70.6 billion barrels, compared to 6.6 billion barrels in the same period last year7.7 billion barrels, an increase of 43%；Saleable natural gas production 37 trillion cubic feet, compared to 34 trillion cubic feet, an increase of 61%；Oil and gas equivalent production 131.5 billion barrels, compared to 12.5 billion barrels in the same period last year500 million barrels, an increase of 51%。
CNOOC Limited (SH:600938) achieved net production of 499.7 billion barrels of oil equivalent, up 8 percent year-on-year3%, a record high for the same period in history.
The good results achieved in the exploration and development of "Three Barrels of Oil" also strongly supported their plans at the beginning of the year.
On January 12 this year, the "three barrels of oil" held a working meeting on the same day to arrange the key work in 2023 and the next period, among which the "three barrels of oil" put exploration and development in the first of the key tasks.
At that time, PetroChina said that it would increase oil and gas exploration and development and increase reserves and production, and take the lead and demonstrate in ensuring national energy security. Sinopec Group said that it will make every effort to ensure national energy security and take the energy job in its own handsPromote greater breakthroughs in the oil and gas business and strengthen the foundation of resources. CNOOC Group said that it will focus on increasing reserves and production, further increasing domestic oil and gas exploration and development, further improving the ability to control and create efficiency of overseas assets, further enhancing the level of coordinated development, and consolidating its main responsibilities and main business.
It is worth mentioning that since the beginning of this year, the investment of "three barrels of oil" in the oil and gas exploration business sector has also been increasing. For example, in the first three quarters of this year, Sinopec's capital expenditure in the "exploration and development sector" was as high as 5071.1 billion yuan, accounting for almost 1081 percent of total capital expenditureHalf of $6.4 billion.
What to do in 2024?
According to the meeting, in 2024, in the oil and gas exploration business sector, the "three barrels of oil" will continue to increase efforts to implement the work of "increasing reserves and production".
Among them, in terms of PetroChina, Dai Houliang mainly emphasized five points:
First, it is necessary to conscientiously implement a new round of strategic actions for prospecting breakthroughs
Second, it is necessary to correctly understand the increase in reserves and production, only by increasing reserves can production be increased, tightly grasping the "bull's nose" of increasing recoverable reserves with economies of scale and improving the reserve-production ratio of SEC, and strive to achieve a virtuous cycle of increasing reserves and increasing production
Third, it is necessary to strengthen domestic exploration, increase risk exploration, vigorously improve the quality of exploration wells, attach great importance to the evaluation of oil and gas reservoirs, and achieve the goal of SEC reserves and reserve-production balance. Strengthen overseas exploration, based on contracts and efficiency-centered, increase the exploration of existing projects, increase the acquisition of new projects with high-quality resources, and strive to achieve economies of scale and increase reserves
Fourth, it is necessary to strengthen breakthroughs in tackling key problems, deepen geological theory innovation, strengthen key core technology research, actively promote the construction of original technology sources, and strive for high-level scientific and technological self-reliance and self-reliance
Fifth, it is necessary to strengthen management innovation, highlight value creation, further deepen internal reform, strengthen the protection and management of mining rights, adhere to the management of enterprises in accordance with laws and regulations, strive to improve the level of intrinsic safety and environmental protection, and effectively improve the efficiency and benefits of exploration.
In terms of Sinopec Group, Ma Yongsheng mainly emphasized four points:
First, we should pay attention to the implementation and effectiveness of high-quality exploration, persistently promote the breakthrough of "deep engineering", unswervingly promote the breakthrough of unconventional oil and gas exploration, and actively and steadily promote the breakthrough of offshore oil and gas exploration
The second is to grasp the implementation and effectiveness of benefit development, and make every effort to promote stable growth and rapid production of natural gas
The third is to grasp the implementation and effectiveness of enhancing the ability to ensure energy supply in extreme situations, adhere to the bottom-line thinking and limit thinking, strengthen the construction of the natural gas production, supply, storage and marketing system, and increase the efforts to go out to obtain high-quality oil and gas resources
Fourth, we should pay attention to the implementation and effectiveness of improving quality, reducing costs and increasing efficiency, and work hard to reduce the break-even point of oil and gas and improve the quality and efficiency of investment.
In terms of CNOOC Group, Wang Dongjin stressed that the goal of anchoring the search for large and medium-sized oil and gas fields will not waver. Zhou Xinhuai, member of the party group, deputy general manager, ** CEO and president, put forward three major requirements:
First, it is required to improve the political position, fully understand the importance and urgency of oil and gas exploration, continuously improve the scale of oil and gas reserves, and strive to be the main force in increasing domestic oil and gas reserves and production
Second, it is necessary to maintain strategic concentration, anchor the exploration ideas of large and medium-sized oil and gas fields, increase the intensity of field exploration, and unswervingly follow the road of field breakthroughs
Third, it is necessary to strengthen the innovation and research of theory and technology, strive to improve exploration skills, and constantly obtain new achievements in oil and gas exploration under the new situation.
*Please indicate the source, article**: Huaxia Energy Network, **hxny3060).