On January 17th, Sinopec announced that the "Deep Ground Engineering · Sichuan Chongqing Natural Gas Base" has made another breakthrough. The proven geological reserves of 1330.12 billion cubic meters in the Hexingchang gas field located in the Sichuan Basin, submitted by Sinopec Southwest Petroleum Bureau, have been approved by the expert group of the Ministry of Natural Resources. This marks the birth of a new ultra deep, fully packed tight sandstone 100 billion cubic meter gas field in China, making a positive contribution to ensuring national energy security.
Strive to Write a New Chapter of Chinese path to modernization Energy Regulation,Zhang Jianhua, Secretary of the Party Group and Director of the National Energy Administration, attended the meeting and delivered a speech.
At the beginning of the new year, everything is updated, and major oil and gas fields of China Petroleum, Sinopec, CNOOC, and Yanchang Petroleum have successively announced their equivalent oil and gas production for the whole year of 2023.
At the end of October, Chevron, the second largest oil company in the United States, announced that it would pay $53 billion for the all-share acquisition of U.S. oil and gas producer Hess Corporation, which is another large acquisition in the U.S. oil and gas industry after Exxon Mobil, the largest oil company in the United States, announced in mid-October that it would pay $59.5 billion to acquire U.S. shale oil and gas producer Pioneer Natural Resources.
Today (15th), PetroChina announced that the largest ultra deep condensate gas field in China, Bozi Dabei Gas Field in Tarim Basin, has been fully completed and put into operation, marking that the new trillion cubic meter atmospheric area in the Tarim Basin has entered a new stage of large-scale development, adding new guarantees for the safe and stable gas supply of the West East Gas Pipeline.
Since 2023, China has vigorously promoted the construction of oil and gas pipeline network infrastructure, and a number of national key projects have been accelerated and smoothly put into operation. From January to September, the mileage of newly built main oil and gas pipelines in China exceeded 2500 kilometers, setting a new historical high.