People's Daily Online, Beijing, January 8 (Reporter Zhu Yuying) Recently, the "Top 10 News in China's Petroleum Industry in 2018" organized by the China Petroleum Enterprises Association, organized by experts and media inside and outside the industry, was officially released. The sixth organization organized the selection and released the top 10 news in China's petroleum industry.

The top 10 news in China’s petroleum industry in 2018 are as follows:

1. my country’s oil and gas industry has developed rapidly over the past 40 years of reform and opening up.

According to data from the National Bureau of Statistics, my country's oil and gas industry has undergone earth-shaking changes over the past 40 years of reform and opening up. From being insufficiently self-sufficient in basic petrochemical products, it has developed into a production capacity of 200 million tons of crude oil, a refining capacity of nearly 800 million tons, and a production capacity of more than 50 million tons of PTA that is more than self-sufficient and marketed around the world. At the same time, it has also extended the development of new energy, new materials, and fine chemicals. and other high-tech industries, establishing a complete industrial system. Over the past 40 years, my country's crude oil production has increased by 0.8 times, with an average annual growth rate of 1.6%; natural gas production has increased by 9.4 times, with an average annual growth rate of 6.5%. While consolidating oil and gas production capacity, we have also built four major oil and gas import channels and a national strategic petroleum reserve, further improving energy security; we have independently built a large number of strategic projects such as West-East Gas Transmission, 10 million tons of oil refining, and 1 million tons of ethylene. A large number of gaps and restricted areas such as deep-sea oil and gas development, shale gas and coal-bed methane have been filled and broken through, and some areas have achieved international leadership.

2. The three major oil companies increase domestic oil and gas exploration and development efforts

In the second half of 2018, PetroChina, Sinopec, and CNOOC established the strategic positioning of “priority development” for domestic exploration and development business, increased investment in oil and gas exploration and development, and accelerated the pace of increasing oil and gas reserves and production. Well Yongtan 1 obtained high-yield industrial gas flow in the volcanic rock formation, opening up a new field of increasing natural gas reserves and production in the Sichuan Basin; Well Shatan 1 made a major discovery in the Shawan Sag of the Junggar Basin, further expanding the scope of the Permian Wuerhe Formation in the entire basin In terms of new areas of exploration, the Shawan Sag is expected to become another large-scale reserves replacement area after the Mahu Sag; Well Zhongqiu 1 in the Tarim Oilfield achieved a breakthrough in the middle section of the Qiulitage structural belt in the Kuqa Depression, Xinjiang, opening up a new area for the area. Oil and gas rich area; the Lingshui 17-200 billion cubic meter large gas field in the western South China Sea has officially started development and construction, marking that the concept of the "South China Sea Large Gas Field" has entered the implementation stage. In response to unfavorable factors such as the intensification of resource deterioration, the three major oil companies have increased their efforts in scientific and technological research, strictly controlled the decline in production of old oil and gas fields, and vigorously promoted the increase in shale gas production to ensure the stable growth of domestic oil and gas production.

3. my country’s petroleum companies signed nearly 100 billion U.S. dollars during the CIIE

According to data from the China International Import Expo, four oil and gas companies, PetroChina, Sinopec, CNOOC and Sinochem Group, signed a total of US$96.1 billion in import agreements with exhibitors during the China International Import Expo. Together with other small and medium-sized oil and gas companies, my country The contract value signed by oil and gas companies at this CIIE is nearly US$100 billion. Among them, PetroChina signed cooperation agreements with 23 internationally renowned suppliers, with a total amount of US$29.2 billion; Sinochem Group signed cooperation agreements with 17 partners, with a total amount of US$11.3 billion; Sinopec signed purchase agreements with 48 suppliers, The total amount reached US$45.6 billion; CNOOC and Siemens signed import agreements with a total amount of US$10 billion. It is generally believed that China’s huge oil and gas demand and resource potential will provide a stable market for foreign partners and open up a broad space for cooperation for investors from all over the world, which will accelerate the realization of a new situation in global oil and gas trade cooperation.

4. Listing and trading of Chinese version of crude oil futures

On March 26, 2018, my country’s first international futures product, crude oil futures, was officially listed for trading at the Shanghai International Energy Trading Center. The biggest highlights and innovations in the design of the Chinese version of the crude oil futures contract can be summarized in 17 words, namely international platform, net price trading, bonded delivery, and RMB pricing. The listing and trading of crude oil futures will definitely fill the gap in the existing international crude oil pricing system and enhance my country's voice and influence in the international crude oil market.

5. my country removes restrictions on foreign-owned chain gas station holdings

The National Development and Reform Commission and the Ministry of Commerce issued the "Special Management Measures for Foreign Investment Access (Negative List) (2018 Edition)" on June 28, 2018, officially canceling the restriction that more than 30 foreign-funded gas station chains require Chinese control. This means that my country’s downstream oil and gas sales field is completely liberalized, and a more open market will attract more investment, ultimately benefiting consumers with diversified choices and higher-quality products and services. But at the same time, it also means that the competition in the oil product terminal market, which is divided into three parts: state-owned, private and foreign-owned, has become more intense.

6. my country’s ultra-deepwater oil and gas exploration ranks first in the world

On October 30, 2018, CNOOC completed the drilling operation of Well Liwan 22-1-1 in the South China Sea at a water depth of approximately 2,600 meters, setting a new record for the largest drilling water depth in my country and even the Western Pacific region, indicating that my country’s ability to independently explore ultra-deep water oil and gas resources has entered the The world's first echelon. The success of CNOOC's pioneering deepwater high-speed drilling model has significantly lowered the economic and technical threshold for ultra-deepwater drilling in my country, providing solid technical support for expanding the scale of deepwater oil and gas reserves and increasing offshore oil and gas production.

7. The first ship of Yamal LNG arrived in China via the Arctic Northeast Passage

On July 19, 2018, the first ship of liquefied natural gas (LNG) supplied to China from the Yamal LNG project, a major project of Sino-Russian energy cooperation, arrived at the Jiangsu Rudong LNG terminal under PetroChina through the Arctic Northeast Passage. According to the signed long-term purchase and sale agreement, after the second and third LNG production lines of the Yamal project are put into operation, PetroChina will import 3 million tons of LNG from the Yamal project every year starting from 2019. This not only brings a new source of clean energy to my country, but also marks new progress in the joint construction of the "Polar Silk Road" between China and Russia.

8. The allowed non-state import volume of crude oil exceeded 100 million tons in 2018

With the decentralization of the second batch of crude oil non-state trade import quotas by the Ministry of Commerce in June 2018, a total of 26 companies have obtained the allowed amount, totaling 11.91 million tons. Including the previously decentralized crude oil non-state trade import allowance, the total crude oil non-state trade import allowance in 2018 was decentralized to 143.19 million tons, an increase of 56.1% compared with the same period last year (91.73 million tons). After the second batch of crude oil non-state trade import allowances was decentralized, more than 80% of local refineries have received crude oil import quotas equal to the imported crude oil usage quotas, realizing the integration of dual rights for crude oil imports. Supported by the country's policy dividends on locally refined crude oil imports, private oil companies have gradually become active participants in the international oil trade, and their influence in the domestic oil and gas industry chain is also expanding.

9. Another high-efficiency new discovery was made in the Mahu Oilfield

On November 12, 2018, China National Petroleum Corporation deployed the Mahu 015 well in the Mahu area of the Junggar Basin and achieved high-yield industrial oil and gas flow in the Jurassic Badaowan Formation, with a daily unfracked oil production of 405.6 cubic meters and a daily gas production of 36,000 cubic meters. meters, creating a record high daily output for a single well in Xinjiang Oilfield. The well made a highly efficient new discovery, demonstrating the huge resource potential in the Mahu area. The Mahu Depression is famous for the newly discovered billion-ton conglomerate oil field. At present, 29 wells and 32 layers of industrial oil and gas flow have been obtained in the middle and shallow layers of the area. Among them, 14 layers of industrial oil and gas flow were newly obtained in 12 wells in 2018. The burial depth is shallow, the output of a single well is high, and the development prospects are broad.

10. Shale gas in the Sichuan and Chongqing regions has entered the stage of large-scale development

On March 26, 2018, Sinopec announced that Fuling Shale Gas Field, my country’s first large-scale shale gas field, has achieved an annual production capacity of 10 billion cubic meters as scheduled, which is equivalent to building a 10-million-ton oil field. At the same time, PetroChina’s shale gas development in the Sichuan and Chongqing regions is also in full swing. As of December 24, 2018, the daily production of shale gas in southern Sichuan exceeded 20 million cubic meters, reaching 20.11 million cubic meters, a year-on-year increase of 119.3%, accounting for approximately 4.2% of the country's daily natural gas production. Gas production in southern Sichuan is expected to reach 4.2 billion cubic meters in 2018 and 12 billion cubic meters in 2020. The rapid release of shale gas production capacity in the Sichuan and Chongqing regions not only plays an important role in promoting the optimization and adjustment of my country's energy structure and easing supply pressure on the natural gas market in the central and eastern regions, but also provides a Chinese sample for global shale gas development.