My Country's Oil And Gas Production Equivalent Will Exceed 390 Million Tons In 2023

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Home > NEWS & EVENTS > Industry News

Publication Date: 2024-03-11 Promulgator:Admin Clicks:10 Back

Comprehensive report by China Petroleum News Data released by the National Energy Administration on January 9 show that my country’s domestic oil and gas production equivalent will exceed 390 million tons in 2023, maintaining a rapid growth momentum of 10 million tons for 7 consecutive years, setting a record high.

Liu Hong, director of the Petroleum and Natural Gas Department of the National Energy Administration, said that crude oil production reached 208 million tons, an increase of more than 3 million tons year-on-year, and a substantial increase of nearly 19 million tons compared with 2018. The fundamentals of long-term stable domestic crude oil production of 200 million tons have been further consolidated. Shale oil exploration and development are advancing steadily. The construction of three national-level demonstration zones in Xinjiang Jimsar, Daqing Gulong, and Shengli Jiyang and the Qingcheng shale oil field has been accelerated. The multi-well type test in the Qintong Sag in northern Jiangsu has achieved commercial breakthroughs. Shale oil The output exceeded 4 million tons, setting a new high.

"Natural gas production reached 230 billion cubic meters, maintaining the momentum of increasing production by 10 billion cubic meters for seven consecutive years." Liu Hong said that the three major basins of Sichuan, Ordos, and Tarim are the main areas for increasing production. Since 2018, the increased production has accounted for 1% of the country's total increased natural gas production. 70%. Unconventional natural gas production exceeded 96 billion cubic meters, accounting for 43% of total natural gas production, becoming an important growth pole for increasing natural gas reserves and production.

My Country's Oil And Gas Production Equivalent Will Exceed 390 Million Tons In 2023

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