Another Record High! Southwest Oil And Gas Field Company's Annual Production Of Oil And Gas Equivalent Once Again Exceeded 30 Million Tons 丨 Sprinting The Last Two Months To Fight The Final Battle Of The Year

At 11:00 a.m. on November 24, PetroChina Southwest Oil & Gas Field Company's annual production of oil and gas equivalent was 30.066 million tons, of which 37.520 billion cubic meters of natural gas were produced and 112,000 tons of crude oil were produced, an increase of 2.836 million tons compared with that of the same period of last year, which is a new record high.
Oil and gas equivalent is an important production indicator, which is the oil and gas production converted according to the calorific value of crude oil and natural gas. According to statistics, 30 million tons of oil and gas equivalent is equivalent to about 37.6 billion cubic meters of natural gas, which is expected to account for about 17% of the country's natural gas production in 2023, and can be used by 1.4 billion people in the country for 94 consecutive days, 110 million people in Sichuan and Chongqing for 2.6 consecutive years, and 21 million people in Chengdu for 17 consecutive years.

From the historic breakthrough of 10 million tons of oil and gas equivalent in 2006 to the first crossing of 30 million tons in 2022 with the first increment in the country, leaping to become China's fifth-largest oil and gas field, and then breaking 30 million tons again 32 days ahead of schedule this year, Southwest Oil and Gas Field Company has continuously improved its efficiency and broken through the speed of efficient natural gas development.
This year, the Southwest Oil and Gas Field Company highlights the efficient exploration, efficiency development, for the first time in the 540 million years old Cambrian shale strata drilling and obtaining the commercial development value of high-yield industrial gas flow, opened up the Sichuan Basin shale gas scale increase in storage and production of new positions; Wei cold 1 well Ordovician Baota group test gas, found the 31st set of new industrial production layer in the Basin; independent development of the Tieshanshanpo high-containing sulfur gas field full production The Tieshanpo gas field with high sulfur content developed independently reached full production and achieved a major breakthrough of "high production with few wells" in the extra-high sulfur gas field; scientifically organized the resumption of work and production, and put into operation more than 340 new wells, with an annual production capacity of more than 10 billion cubic meters and a daily output of more than 120 million cubic meters.
Analysis of 30 million tons of production capacity structure, the steady rise of conventional gas, the annual production of oil and gas equivalent exceeded 20 million tons; shale gas from scratch, 10 million tons of large shale gas field foundation continues to consolidate; tight gas to accelerate the production, daily gas production on a new stage of 10 million cubic meters. At present, the Southwest Oil and Gas Field Company has been 10 consecutive years to maintain an average annual growth of nearly 300 billion cubic meters of peak reserves, 9 consecutive years to maintain the production of an average annual growth of more than 3 billion cubic meters of rapid growth, and has become China's fastest increase in reserves and production of oil and gas fields.