In order to strengthen the planning and management of oil and gas and promote the healthy development of the industry, the "Measures for the Administration of Oil and Gas Planning" issued by the National Energy Administration (revised in 2019) (hereinafter referred to as the "Measures") pointed out that in the aspect of exploration and development, we must adhere to the bottom line thinking and vigorously Enhance domestic oil and gas exploration and development efforts to ensure energy security.
The "Measures" also pointed out that strengthening oil and gas resources evaluation and exploration, especially to increase risk exploration, clear exploration and development deployment and main direction. Major projects for oil and gas production capacity construction will be clarified through annual filing.
Regarding risk exploration, Wang Yilin, chairman of CNPC, said recently that PetroChina is stepping up its risk exploration and development. The scale of venture exploration investment in 2019 will increase from 1 billion yuan to 5 billion yuan.
The reporter learned that domestic oil production of more than 200 million tons is China's current planning target. The 13th Five-Year Plan for Petroleum Development issued by the National Development and Reform Commission in 2017 clearly stated that domestic oil production will reach 200 million tons in 2020, and build a multi-oil supply security system under development conditions to guarantee domestic 560 million tons in 2020. The level of oil consumption.
The reporter combed the data of the Ministry of Natural Resources (formerly the Ministry of Land and Resources) and found that from 2011 to 2015, domestic oil production was above 200 million tons. From 2016 to 2017, domestic oil production was below 200 million tons. Among them, the "National Oil and Gas Resources Exploration and Mining Bulletin (2017)" issued by the Ministry of Natural Resources pointed out that in 2017, China's national oil production was 192 million tons, accounting for about 4.4% of the total global oil production in that year. Industry experts have said that due to the downturn in oil prices, oil companies have generally reduced their investment in resources exploration and mining and physical workload.
According to the "2018 Domestic and Foreign Oil and Gas Industry Development Report" issued by China Petroleum Economics and Technology Research Institute in January 2019, China's crude oil output in 2018 was 189 million tons, and oil dependence increased to 69.8%.
The Fence Series refers to a collection of different types of fences that are designed for various purposes. These fences are typically used for security, privacy, or aesthetic purposes. They come in different materials, styles, and sizes to suit specific needs.
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