- Written at the occasion of the annual meeting of two major oil companies China National Petroleum Corporation and Sinopec Corp. have agreed to adjust the company's strategy. At the annual conferences held in succession, the two companies formally set up an internationalization path and proposed to build the company into a world-class international energy company in more than ten years, and detailed tasks for each sector.
"China Petroleum and Petrochemical" February 1 (Reporter Liu Shuju) In mid-January, Beijing's first Rui Xue is brewing. In the oil and petrochemical industry, a more lucid development strategy is also quietly forming. On January 16, at the annual work conference of China National Petroleum Corporation, Jiang Jiemin, general manager of the group, revealed for the first time that by 2020, a world-class comprehensive international energy company would be built. In response to this, on December 28, 2007, Su Shulin, general manager of Sinopec Group, also proposed to strive to develop Sinopec into a transnational energy chemical company with strong international competitiveness in 10 to 15 years. . The two companies coincided with each other and at the same time sounded a clarion call to speed up the process of internationalization.
Strategic Choices Looking back to 2007, China's GDP growth rate reached 11.5%, and international oil prices soared from 60 US dollars per barrel at the beginning of the year to more than 90 US dollars per barrel at the end of the year, and even exceeded 100 US dollars per barrel. At the same time, China imported 190 million tons of oil in 2007, and its import dependency is approaching 50%. With the high dependence on oil imports today, high oil prices mean more costs and expenditures, and bring new variables to national energy security. "To this end, we must make full use of both domestic and foreign resources and two markets to reduce the contradiction between oil supply and demand," said Han Dazhao, an expert in oil and gas development engineering and an academician of the Chinese Academy of Engineering.
In order to deal with the challenges of oil security and high oil prices, oil companies have begun to coordinate various strategic measures at various levels and in all directions. Based on the previous “resources, markets, and internationalization†strategy, CNPC has proposed with a more definite attitude that by 2015, it will form the overall structure of a comprehensive international energy company; by 2020, it will strive to build a world-class Comprehensive international energy company. The so-called integrated international energy company, which is based on oil and gas business, has a reasonable and relevant business structure, a relatively complete business chain, integrated upstream and downstream operations, coordinated domestic and international operations, and overall cooperation between oil companies and engineering and technical service companies. Internationally competitive multinational companies.
Sinopec Group hopes that through 10 to 15 years of hard work, it will become a transnational energy and chemical company with strong international competitiveness. At that time, the company's management system and operating mechanism will be more adapted to the requirements of the socialist market economy and modern enterprise systems; the industrial structure will be more reasonable, the oil and gas resources base will be consolidated, the competitive advantage of the oil refining chemical industry will be more prominent, and the refined oil and chemical product marketing network More complete; overseas operations account for a large proportion, internationalization has improved significantly; the structure of assets and liabilities has become more reasonable; the ability to raise financing has been further improved; the capacity for independent innovation has been significantly enhanced, and the technological level of the main industry has advanced to the top in the world; The model has become more mature; it has a talented team with reasonable structure, sufficient numbers, and high quality; the scale of operations has grown steadily, and profitability has steadily increased.
The two major companies all regard internationalization as their own goal, which is a concrete embodiment of implementing the spirit of the 17th National Congress of the Communist Party of China and an urgent need to comprehensively enhance international competitiveness. The 17th National Congress clearly stated that accelerating the development of modern energy industry, encouraging the development of large enterprise groups with international competitiveness, and accelerating the development of China's multinational companies and international famous brands. Under the conditions of economic globalization, any large company must expand its opening up and increase its level of internationalization. PetroChina and Sinopec are incumbent on this. Building a comprehensive international energy company to participate in the cooperation and competition of international energy resources in a wider range, a broader area and at a higher level will not only help us better learn from the advantages of the international major oil companies, but also be beneficial to Give full play to our comprehensive special advantages, form new advantages in catching up with the international advanced level, and build the two major groups into truly international companies.
While sounding the “internationalization†horn, the two companies also have different focuses. China National Petroleum Corporation has positioned itself as an “energy sourceâ€, which is an enterprise engaged in energy production and sales. It is mainly engaged in the development of new energy businesses based on its oil and gas business. The goal of Sinopec has been further refined into “a transnational energy and chemical company with strong international competitiveness†on the basis of “constructing an internationally competitive enterprise group†in the past, locking in its own refining strength and requiring the company to become a global energy company. Forefront of chemical companies to better undertake the task of safeguarding national energy security.
Better in the Upstream In this blueprint, the two companies put forward very high demands on their upstream business.
Speaking of the upper reaches, the achievements of the two major companies in 2007 are remarkable. In particular, China Petroleum, the Bohai Bay, Erdos (Ericsson, Quotes, Information), Sichuan and Junggar Basin success stories. The discovery of Nanpu Oilfield has added 1.18 billion tons of reserves to the company, making it the most exciting discovery in the history of oil exploration in China for more than 30 years. Changqing Sulige Gas Field has added 56.5 billion cubic meters of basic proven natural gas geological reserves, making the Sulige Gas Field the first proven natural gas field with a proven geological reserve of more than 1 trillion cubic meters. In this way, PetroChina’s newly discovered proven geological reserves of oil in 2007 were 830 million tons. “What is the concept of 830 million tons? It is the highest growth year since the discovery of Daqing Oilfield!†said a senior member of CNPC.
At the beginning of 2007, when Jiang Jiemin raised the target of “double-hundred†for oil and gas production, the CEOs of many companies in the region were under great pressure. This requires the company’s crude oil production to increase by 1 million tons and natural gas production by 10 billion cubic meters. It should be noted that PetroChina’s oil production in 2006 has already set a historical record, which is several hundred thousand tons more than the peak production in 1979. "The two '100's add up to 9 million tons of oil and gas equivalent, which is equivalent to the output of a large and medium-sized oil and gas field," an expert at the China Petroleum Exploration and Development Institute commented at the time. However, one year later, CNPC produced an impressive transcript. The “double hundred†goal was successfully achieved. In 2007, the annual crude oil production reached 106.65 million tons, and natural gas production reached 54.2 billion cubic meters.
“The increase in oil production by 1 million tons requires the construction of 13 million tons of production capacity. Of these, 12 million tons is to make up for the decline in natural production,†the source said. If there is no new capacity building, these "home bases" may have been lighted after more than 10 years.
In order to protect the country's energy security, CNPC has put forward a nearly demanding requirement for itself: In the next five to eight years, the annual increase in domestic oil and gas production must reach the “double hundred†target. We must know that China Petroleum has worked hard for so many years before it has built six 10 million-ton oil fields. This goal is equal to requiring the company to increase a large oil field of 9 million tons per year. How does China's oil embody the courage and courage?
This, in turn, is due to the transformation of the company's development approach. Since 2007, the company has fully launched the secondary oilfield development project with the aim of improving oil recovery, launched 10 key development and development technologies, scaled up horizontal wells and underbalanced wells, and accelerated the pace of capacity building. Among them, the Changqing Oilfield Company contributed a total of 3.9 million tons of new production, which made a great contribution to the realization of the “double hundred†target.
Another highlight that cannot be ignored is natural gas. After 40 years of efforts, China has built a production capacity of 10 billion cubic meters. However, in the past five years, natural gas production capacity has developed at a rate of 10 billion cubic meters per year. In China's oil plan, this speed will continue. By 2013 or so, natural gas will be on an equal footing with crude oil.
Sinopec also puts high demands on upstream operations. In 2007, Sinopec added 44 million tons of recoverable oil reserves and 97.5 billion cubic meters of recoverable natural gas reserves; produced 41.08 million tons of crude oil, an increase of 2.3% over the same period last year; and produced 8 billion cubic meters of natural gas, an increase of 10.2% over the same period last year.
In the future planning, Sinopec proposed that it is necessary to strengthen domestic exploration and development and strive to create an upstream "longboard." In exploration, we must strive to achieve major discoveries and major breakthroughs. In terms of development, it is necessary to greatly increase the rate of reserve utilization and oil recovery. The goal set by SINOPEC for itself is that crude oil production in 2010 will reach 43 to 45 million tons and natural gas production will reach 18 to 22 billion cubic meters. To seize the opportunity of high oil prices, increase the development of low-grade reserves, and use 50 million to 100 million tons of low-grade reserves each year, turning more of the discovered resources into real benefits. In addition, the average oil recovery rate from the current 28% to 40%, the main oil field to strive for 50%, challenge 60%. To achieve such a huge leap, technological progress and increased investment are all essential.
Overseas growth In the blueprints of the two companies, there is also a "star" that focuses on training, that is, overseas business.
In 2007, the three major overseas oil and gas regions of China, Sudan, Kazakhstan and Venezuela, celebrated their 10th anniversary in succession. Even more surprising is that from July 17 to July 18, 2007, Turkmenistan’s President Berdy Muhammedov visited China and activated the former President’s unfinished Sino-Turkmenistan gas cooperation agreement. According to the agreement, in the next 30 years, Turkmenistan will export 30 billion cubic meters of natural gas to China through pipelines every year. If the agreement with Turkmenistan can be fully implemented, it will become the largest foreign cooperation project in the oil field in China for many years. Each year, 30 billion cubic meters of natural gas are imported from Turkmenistan, which is equivalent to about half of China's 2006 natural gas consumption, and almost twice the current annual gas transmission capacity of West-East Gas Transmission.
"Unexpectedly, President Berdymukhamedov’s ambition is so great!" A person familiar with the situation revealed that even PetroChina himself had not thought that things were progressing so smoothly. The signing of the Sino-Turkish gas purchase and sale agreement and the natural gas product-sharing contract on the right bank of the Turkmenistan River also provided resources for the procurement contract. More than a month later, PetroChina announced that Central Asia's natural gas will reach the Pearl River Delta and the Yangtze River Delta through the second line of the West-East Gas Pipeline, becoming another natural gas artery that runs through China.
According to Jiang Jiemin, general manager of CNPC, at present, overseas projects have reached 70, distributed in 26 countries and regions, and 500 engineering technical service teams have been operating in 48 countries, fully implementing overseas oil and gas investment and international engineering technology. Services and international trade integration development. In 2007, the company's overseas crude oil production exceeded 60 million tons, and natural gas production reached 5.4 billion cubic meters. The former has exceeded the peak production of the Daqing Oilfield, and the dream of building Daqing Oil Overseas has become a reality.
In the following years, China National Petroleum Corporation will continue to accelerate the development and construction of the five major oil and gas cooperation zones and build a new batch of 10 million-ton oil and gas fields to achieve large-scale development. The company's goal is that after 5 to 8 years, the overseas oil and gas production capacity can reach half of the company's total oil equivalent.
Sinopec’s overseas business in 2007 was also very smooth. It is expected that in 2007 it will obtain 6.76 million tons of equity oil, an increase of 22.9%. The commencement of production of the high-yielding oil fields in block 18 of Angola has laid a good foundation for the increase in production in 2008. For a long time, the best blocks and best opportunities have been monopolized by other multinational oil companies. Chinese companies can only take some scrap. Today, this "curse" has finally been broken. Sinopec’s 2007 development contract for a world-class oilfield is an example.
In the deployment of Sinopec's future work, by 2010, overseas equity oil production will reach 15 million tons. If converted into operational production, the proportion of total oil and gas production in the company will be considerable. The company also hopes to realize the great development of the natural gas business, carefully organize the construction of key projects such as Sichuan-East Gas Transmission, and actively promote the development of LNG and CNG businesses. At the same time, we attach importance to the exploration and development of alternative energy and coalbed methane and other unconventional energy sources.
It is worth mentioning that the two major conglomerates have proposed that in order to strengthen resource control and improve market discourse rights, we should constantly enrich global trading methods and means, increase international operating standards, and strive to be global resources while controlling risks. The distribution center and financial center form a number of regional oil and gas operation centers integrating trade, processing, warehousing and transportation.
Stronger Petrochemicals "As the largest oil refinery base of PetroChina, Dalian Petrochemical Corporation has been very effective over the years. However, in 2007, we lost tens of billions of dollars and for the first time put on the hat of a 'lossy company'." Jiang Fan, general manager of Dalian Petrochemical Company, said. Originally, crude oil entered the factory price of more than 6,000 yuan per ton, while the ex-factory price of gasoline was only 5,200 yuan per ton. Under this kind of “upside downâ€, in 2007, Dalian Petrochemical processed 13.392 million tons of crude oil throughout the year, an increase of 457,700 tons over the previous year, wearing a glorious “loss-making†cap.
When the refined oil price mechanism in China has not been straightened out, the oil refining companies are facing serious policy losses. Perhaps only companies with a sense of responsibility, such as PetroChina and Sinopec, will increase their refining capacity. In 2007, China Petroleum's annual refining processing load reached more than 98%, processing 120 million tons of crude oil, an increase of 5.1%; production of more than 76 million tons of refined oil products, an increase of 4.7%. Sinopec processed 166 million tons of crude oil, an increase of 5.9%, and the combined processing load rate reached 98%. Domestic sales of refined oil reached 119 million tons, an increase of 7%, and the market supply rate reached 64.3%. Not only that, in the event of a market shortage, the two companies will also need to protect the market supply at all costs. In the fourth quarter of 2007, refined oil products in some regions were strained. Sinopec Corp. adopted a series of positive measures such as lifting loads, adjusting structures, excavating inventories, reducing ethylene, stopping export, and increasing imports, and quickly organized 368 million tons of incremental resources to be put on the market. Become a stable market "Zhenhai Shenzhen."
In fact, if there is no special domestic price policy, the field of refining is a central link for oil companies to increase their value and increase profits, and it is also an important area for improving competitiveness. Therefore, although the refining industry is currently under-performing, the two companies still have a high degree of enthusiasm for refining operations. In 2007, PetroChina Dalian Petrochemical's new 10million tons of sulfur-containing crude oil processing facilities entered the phase of comprehensive construction. Dushanzi Petrochemical's 10 million tons of oil refining and 1 million tons of ethylene projects entered the installation phase, and Guangxi Petrochemical's 10 million tons of oil refining projects started construction in an all-round way. . In terms of Sinopec, Yanshan's 10 million-ton/year oil refinery has been successfully put into operation, becoming the first ten million-ton oil refinery company capable of producing Euro IV standard oil products; Qingdao Refinery, Fujian Refinery Ethylene, Tianjin Refinery Ethylene, and Zhenhai Ethylene etc. The project is also actively advancing; Wuhan ethylene has started construction.
In the planning of the next few years, meeting the needs of economic and social development on the rapid growth of oil products and chemical products is still an important content to be considered by the two companies. PetroChina will accelerate the planning and deployment of a number of world-scale oil refining and chemical industry bases, complete the production of Dalian, Guangxi and other oil refining projects as soon as possible, accelerate the construction of such projects as Dushanzi, Sichuan, Fushun and Daqing, and plan and build projects in the south and coastal areas. A number of large-scale refinery bases have produced a total annual domestic refining capacity of more than 200 million tons and an annual ethylene production capacity of 8 million tons. Sinopec Corp. will also further refine its strategic layout of its refining and chemical industry, and actively carry out the preparatory work for a number of new refinery projects such as Nansha and Zhenhai in Guangzhou. It will enlarge and strengthen the three major refining and chemical enterprise clusters in the Yangtze River Delta, the Pearl River Delta and Bohai Bay and actively promote The construction of major projects such as Qingdao Refinery, Fujian Refined Ethylene, Tianjin Refined Ethylene, and Zhenhai Ethylene started the three-wheeled ethylene transformation in Shanghai, Yangtze, Yanshan, and Qilu.
Construction of Pipeline Network In the ten technological advances of China National Petroleum Corporation in 2007, “the development of X80 steel large-diameter spiral submerged arc welded pipe for West-East Gas Pipeline II†was impressive. Different from the on-site treatment of urgently-needed pipelines, the metallurgical industry has already cooperated with oil companies in time to advance into related issues. Because, in today's explosive development of China's oil and gas pipeline network, the study of the use of steel in pipelines is a sure-fire business.
In 2007, the West-East Gas Transmission Project was progressing smoothly. The Lanzhou-Yinchuan Gas Pipeline, which is the link with the Shi Ning-Lan gas pipeline, was put into trial operation in late July. At this point, the four gas fields of China National Petroleum Corporation achieved a networked gas supply, which laid a solid foundation for the safety, adequate quantity, and steady use of gas by the common people. With the successive completion and commissioning of a number of long-distance pipelines such as the West-East Gas Pipeline, the Zhongwu Line, the Shaanxi-Beijing Second Line, the Western Crude Oil Products Pipeline, and the China-Kazakhstan Crude Oil Pipeline, the total length of pipelines operated by CNPC has reached 30,000 kilometers. The initial formation of the oil and gas backbone pipeline network.
China Petroleum's layout of the pipeline continues. According to the plan, in the next few years, CNPC will build backbone pipelines such as Central Asia Gas, Second West-East Gas Pipeline, China-Kazakhstan Crude Oil Phase 2, Sino-Russian Crude Oil, Lanzhou-Zhengzhou-Changsha and Fushun-Zhengzhou Refined Oil, and Jiangsu and Dalian. , Tangshan LNG receiving station, and continue to plan the construction of Sino-Russian gas, China and Myanmar oil and gas and a number of oil and gas pipelines and ports, terminals, storage and other supporting facilities.
Sinopec Corp. is also very clear about the principle of "one inch of pipe is one inch of gold." Its biggest note in this regard is the Shangmachuan Gas-to-East Pipeline Project in 2007. In terms of future pipeline network construction, it will further improve the crude oil transportation system, and promote the construction of crude oil terminals and supporting projects in Tianjin, Beihai and Rizhao, and improve the existing crude oil terminals. The company will strengthen the professional management of crude oil, refined oil and natural gas pipeline transportation, and improve the management and technical level of pipeline transportation.
"China Petroleum and Petrochemical" February 1 (Reporter Liu Shuju) In mid-January, Beijing's first Rui Xue is brewing. In the oil and petrochemical industry, a more lucid development strategy is also quietly forming. On January 16, at the annual work conference of China National Petroleum Corporation, Jiang Jiemin, general manager of the group, revealed for the first time that by 2020, a world-class comprehensive international energy company would be built. In response to this, on December 28, 2007, Su Shulin, general manager of Sinopec Group, also proposed to strive to develop Sinopec into a transnational energy chemical company with strong international competitiveness in 10 to 15 years. . The two companies coincided with each other and at the same time sounded a clarion call to speed up the process of internationalization.
Strategic Choices Looking back to 2007, China's GDP growth rate reached 11.5%, and international oil prices soared from 60 US dollars per barrel at the beginning of the year to more than 90 US dollars per barrel at the end of the year, and even exceeded 100 US dollars per barrel. At the same time, China imported 190 million tons of oil in 2007, and its import dependency is approaching 50%. With the high dependence on oil imports today, high oil prices mean more costs and expenditures, and bring new variables to national energy security. "To this end, we must make full use of both domestic and foreign resources and two markets to reduce the contradiction between oil supply and demand," said Han Dazhao, an expert in oil and gas development engineering and an academician of the Chinese Academy of Engineering.
In order to deal with the challenges of oil security and high oil prices, oil companies have begun to coordinate various strategic measures at various levels and in all directions. Based on the previous “resources, markets, and internationalization†strategy, CNPC has proposed with a more definite attitude that by 2015, it will form the overall structure of a comprehensive international energy company; by 2020, it will strive to build a world-class Comprehensive international energy company. The so-called integrated international energy company, which is based on oil and gas business, has a reasonable and relevant business structure, a relatively complete business chain, integrated upstream and downstream operations, coordinated domestic and international operations, and overall cooperation between oil companies and engineering and technical service companies. Internationally competitive multinational companies.
Sinopec Group hopes that through 10 to 15 years of hard work, it will become a transnational energy and chemical company with strong international competitiveness. At that time, the company's management system and operating mechanism will be more adapted to the requirements of the socialist market economy and modern enterprise systems; the industrial structure will be more reasonable, the oil and gas resources base will be consolidated, the competitive advantage of the oil refining chemical industry will be more prominent, and the refined oil and chemical product marketing network More complete; overseas operations account for a large proportion, internationalization has improved significantly; the structure of assets and liabilities has become more reasonable; the ability to raise financing has been further improved; the capacity for independent innovation has been significantly enhanced, and the technological level of the main industry has advanced to the top in the world; The model has become more mature; it has a talented team with reasonable structure, sufficient numbers, and high quality; the scale of operations has grown steadily, and profitability has steadily increased.
The two major companies all regard internationalization as their own goal, which is a concrete embodiment of implementing the spirit of the 17th National Congress of the Communist Party of China and an urgent need to comprehensively enhance international competitiveness. The 17th National Congress clearly stated that accelerating the development of modern energy industry, encouraging the development of large enterprise groups with international competitiveness, and accelerating the development of China's multinational companies and international famous brands. Under the conditions of economic globalization, any large company must expand its opening up and increase its level of internationalization. PetroChina and Sinopec are incumbent on this. Building a comprehensive international energy company to participate in the cooperation and competition of international energy resources in a wider range, a broader area and at a higher level will not only help us better learn from the advantages of the international major oil companies, but also be beneficial to Give full play to our comprehensive special advantages, form new advantages in catching up with the international advanced level, and build the two major groups into truly international companies.
While sounding the “internationalization†horn, the two companies also have different focuses. China National Petroleum Corporation has positioned itself as an “energy sourceâ€, which is an enterprise engaged in energy production and sales. It is mainly engaged in the development of new energy businesses based on its oil and gas business. The goal of Sinopec has been further refined into “a transnational energy and chemical company with strong international competitiveness†on the basis of “constructing an internationally competitive enterprise group†in the past, locking in its own refining strength and requiring the company to become a global energy company. Forefront of chemical companies to better undertake the task of safeguarding national energy security.
Better in the Upstream In this blueprint, the two companies put forward very high demands on their upstream business.
Speaking of the upper reaches, the achievements of the two major companies in 2007 are remarkable. In particular, China Petroleum, the Bohai Bay, Erdos (Ericsson, Quotes, Information), Sichuan and Junggar Basin success stories. The discovery of Nanpu Oilfield has added 1.18 billion tons of reserves to the company, making it the most exciting discovery in the history of oil exploration in China for more than 30 years. Changqing Sulige Gas Field has added 56.5 billion cubic meters of basic proven natural gas geological reserves, making the Sulige Gas Field the first proven natural gas field with a proven geological reserve of more than 1 trillion cubic meters. In this way, PetroChina’s newly discovered proven geological reserves of oil in 2007 were 830 million tons. “What is the concept of 830 million tons? It is the highest growth year since the discovery of Daqing Oilfield!†said a senior member of CNPC.
At the beginning of 2007, when Jiang Jiemin raised the target of “double-hundred†for oil and gas production, the CEOs of many companies in the region were under great pressure. This requires the company’s crude oil production to increase by 1 million tons and natural gas production by 10 billion cubic meters. It should be noted that PetroChina’s oil production in 2006 has already set a historical record, which is several hundred thousand tons more than the peak production in 1979. "The two '100's add up to 9 million tons of oil and gas equivalent, which is equivalent to the output of a large and medium-sized oil and gas field," an expert at the China Petroleum Exploration and Development Institute commented at the time. However, one year later, CNPC produced an impressive transcript. The “double hundred†goal was successfully achieved. In 2007, the annual crude oil production reached 106.65 million tons, and natural gas production reached 54.2 billion cubic meters.
“The increase in oil production by 1 million tons requires the construction of 13 million tons of production capacity. Of these, 12 million tons is to make up for the decline in natural production,†the source said. If there is no new capacity building, these "home bases" may have been lighted after more than 10 years.
In order to protect the country's energy security, CNPC has put forward a nearly demanding requirement for itself: In the next five to eight years, the annual increase in domestic oil and gas production must reach the “double hundred†target. We must know that China Petroleum has worked hard for so many years before it has built six 10 million-ton oil fields. This goal is equal to requiring the company to increase a large oil field of 9 million tons per year. How does China's oil embody the courage and courage?
This, in turn, is due to the transformation of the company's development approach. Since 2007, the company has fully launched the secondary oilfield development project with the aim of improving oil recovery, launched 10 key development and development technologies, scaled up horizontal wells and underbalanced wells, and accelerated the pace of capacity building. Among them, the Changqing Oilfield Company contributed a total of 3.9 million tons of new production, which made a great contribution to the realization of the “double hundred†target.
Another highlight that cannot be ignored is natural gas. After 40 years of efforts, China has built a production capacity of 10 billion cubic meters. However, in the past five years, natural gas production capacity has developed at a rate of 10 billion cubic meters per year. In China's oil plan, this speed will continue. By 2013 or so, natural gas will be on an equal footing with crude oil.
Sinopec also puts high demands on upstream operations. In 2007, Sinopec added 44 million tons of recoverable oil reserves and 97.5 billion cubic meters of recoverable natural gas reserves; produced 41.08 million tons of crude oil, an increase of 2.3% over the same period last year; and produced 8 billion cubic meters of natural gas, an increase of 10.2% over the same period last year.
In the future planning, Sinopec proposed that it is necessary to strengthen domestic exploration and development and strive to create an upstream "longboard." In exploration, we must strive to achieve major discoveries and major breakthroughs. In terms of development, it is necessary to greatly increase the rate of reserve utilization and oil recovery. The goal set by SINOPEC for itself is that crude oil production in 2010 will reach 43 to 45 million tons and natural gas production will reach 18 to 22 billion cubic meters. To seize the opportunity of high oil prices, increase the development of low-grade reserves, and use 50 million to 100 million tons of low-grade reserves each year, turning more of the discovered resources into real benefits. In addition, the average oil recovery rate from the current 28% to 40%, the main oil field to strive for 50%, challenge 60%. To achieve such a huge leap, technological progress and increased investment are all essential.
Overseas growth In the blueprints of the two companies, there is also a "star" that focuses on training, that is, overseas business.
In 2007, the three major overseas oil and gas regions of China, Sudan, Kazakhstan and Venezuela, celebrated their 10th anniversary in succession. Even more surprising is that from July 17 to July 18, 2007, Turkmenistan’s President Berdy Muhammedov visited China and activated the former President’s unfinished Sino-Turkmenistan gas cooperation agreement. According to the agreement, in the next 30 years, Turkmenistan will export 30 billion cubic meters of natural gas to China through pipelines every year. If the agreement with Turkmenistan can be fully implemented, it will become the largest foreign cooperation project in the oil field in China for many years. Each year, 30 billion cubic meters of natural gas are imported from Turkmenistan, which is equivalent to about half of China's 2006 natural gas consumption, and almost twice the current annual gas transmission capacity of West-East Gas Transmission.
"Unexpectedly, President Berdymukhamedov’s ambition is so great!" A person familiar with the situation revealed that even PetroChina himself had not thought that things were progressing so smoothly. The signing of the Sino-Turkish gas purchase and sale agreement and the natural gas product-sharing contract on the right bank of the Turkmenistan River also provided resources for the procurement contract. More than a month later, PetroChina announced that Central Asia's natural gas will reach the Pearl River Delta and the Yangtze River Delta through the second line of the West-East Gas Pipeline, becoming another natural gas artery that runs through China.
According to Jiang Jiemin, general manager of CNPC, at present, overseas projects have reached 70, distributed in 26 countries and regions, and 500 engineering technical service teams have been operating in 48 countries, fully implementing overseas oil and gas investment and international engineering technology. Services and international trade integration development. In 2007, the company's overseas crude oil production exceeded 60 million tons, and natural gas production reached 5.4 billion cubic meters. The former has exceeded the peak production of the Daqing Oilfield, and the dream of building Daqing Oil Overseas has become a reality.
In the following years, China National Petroleum Corporation will continue to accelerate the development and construction of the five major oil and gas cooperation zones and build a new batch of 10 million-ton oil and gas fields to achieve large-scale development. The company's goal is that after 5 to 8 years, the overseas oil and gas production capacity can reach half of the company's total oil equivalent.
Sinopec’s overseas business in 2007 was also very smooth. It is expected that in 2007 it will obtain 6.76 million tons of equity oil, an increase of 22.9%. The commencement of production of the high-yielding oil fields in block 18 of Angola has laid a good foundation for the increase in production in 2008. For a long time, the best blocks and best opportunities have been monopolized by other multinational oil companies. Chinese companies can only take some scrap. Today, this "curse" has finally been broken. Sinopec’s 2007 development contract for a world-class oilfield is an example.
In the deployment of Sinopec's future work, by 2010, overseas equity oil production will reach 15 million tons. If converted into operational production, the proportion of total oil and gas production in the company will be considerable. The company also hopes to realize the great development of the natural gas business, carefully organize the construction of key projects such as Sichuan-East Gas Transmission, and actively promote the development of LNG and CNG businesses. At the same time, we attach importance to the exploration and development of alternative energy and coalbed methane and other unconventional energy sources.
It is worth mentioning that the two major conglomerates have proposed that in order to strengthen resource control and improve market discourse rights, we should constantly enrich global trading methods and means, increase international operating standards, and strive to be global resources while controlling risks. The distribution center and financial center form a number of regional oil and gas operation centers integrating trade, processing, warehousing and transportation.
Stronger Petrochemicals "As the largest oil refinery base of PetroChina, Dalian Petrochemical Corporation has been very effective over the years. However, in 2007, we lost tens of billions of dollars and for the first time put on the hat of a 'lossy company'." Jiang Fan, general manager of Dalian Petrochemical Company, said. Originally, crude oil entered the factory price of more than 6,000 yuan per ton, while the ex-factory price of gasoline was only 5,200 yuan per ton. Under this kind of “upside downâ€, in 2007, Dalian Petrochemical processed 13.392 million tons of crude oil throughout the year, an increase of 457,700 tons over the previous year, wearing a glorious “loss-making†cap.
When the refined oil price mechanism in China has not been straightened out, the oil refining companies are facing serious policy losses. Perhaps only companies with a sense of responsibility, such as PetroChina and Sinopec, will increase their refining capacity. In 2007, China Petroleum's annual refining processing load reached more than 98%, processing 120 million tons of crude oil, an increase of 5.1%; production of more than 76 million tons of refined oil products, an increase of 4.7%. Sinopec processed 166 million tons of crude oil, an increase of 5.9%, and the combined processing load rate reached 98%. Domestic sales of refined oil reached 119 million tons, an increase of 7%, and the market supply rate reached 64.3%. Not only that, in the event of a market shortage, the two companies will also need to protect the market supply at all costs. In the fourth quarter of 2007, refined oil products in some regions were strained. Sinopec Corp. adopted a series of positive measures such as lifting loads, adjusting structures, excavating inventories, reducing ethylene, stopping export, and increasing imports, and quickly organized 368 million tons of incremental resources to be put on the market. Become a stable market "Zhenhai Shenzhen."
In fact, if there is no special domestic price policy, the field of refining is a central link for oil companies to increase their value and increase profits, and it is also an important area for improving competitiveness. Therefore, although the refining industry is currently under-performing, the two companies still have a high degree of enthusiasm for refining operations. In 2007, PetroChina Dalian Petrochemical's new 10million tons of sulfur-containing crude oil processing facilities entered the phase of comprehensive construction. Dushanzi Petrochemical's 10 million tons of oil refining and 1 million tons of ethylene projects entered the installation phase, and Guangxi Petrochemical's 10 million tons of oil refining projects started construction in an all-round way. . In terms of Sinopec, Yanshan's 10 million-ton/year oil refinery has been successfully put into operation, becoming the first ten million-ton oil refinery company capable of producing Euro IV standard oil products; Qingdao Refinery, Fujian Refinery Ethylene, Tianjin Refinery Ethylene, and Zhenhai Ethylene etc. The project is also actively advancing; Wuhan ethylene has started construction.
In the planning of the next few years, meeting the needs of economic and social development on the rapid growth of oil products and chemical products is still an important content to be considered by the two companies. PetroChina will accelerate the planning and deployment of a number of world-scale oil refining and chemical industry bases, complete the production of Dalian, Guangxi and other oil refining projects as soon as possible, accelerate the construction of such projects as Dushanzi, Sichuan, Fushun and Daqing, and plan and build projects in the south and coastal areas. A number of large-scale refinery bases have produced a total annual domestic refining capacity of more than 200 million tons and an annual ethylene production capacity of 8 million tons. Sinopec Corp. will also further refine its strategic layout of its refining and chemical industry, and actively carry out the preparatory work for a number of new refinery projects such as Nansha and Zhenhai in Guangzhou. It will enlarge and strengthen the three major refining and chemical enterprise clusters in the Yangtze River Delta, the Pearl River Delta and Bohai Bay and actively promote The construction of major projects such as Qingdao Refinery, Fujian Refined Ethylene, Tianjin Refined Ethylene, and Zhenhai Ethylene started the three-wheeled ethylene transformation in Shanghai, Yangtze, Yanshan, and Qilu.
Construction of Pipeline Network In the ten technological advances of China National Petroleum Corporation in 2007, “the development of X80 steel large-diameter spiral submerged arc welded pipe for West-East Gas Pipeline II†was impressive. Different from the on-site treatment of urgently-needed pipelines, the metallurgical industry has already cooperated with oil companies in time to advance into related issues. Because, in today's explosive development of China's oil and gas pipeline network, the study of the use of steel in pipelines is a sure-fire business.
In 2007, the West-East Gas Transmission Project was progressing smoothly. The Lanzhou-Yinchuan Gas Pipeline, which is the link with the Shi Ning-Lan gas pipeline, was put into trial operation in late July. At this point, the four gas fields of China National Petroleum Corporation achieved a networked gas supply, which laid a solid foundation for the safety, adequate quantity, and steady use of gas by the common people. With the successive completion and commissioning of a number of long-distance pipelines such as the West-East Gas Pipeline, the Zhongwu Line, the Shaanxi-Beijing Second Line, the Western Crude Oil Products Pipeline, and the China-Kazakhstan Crude Oil Pipeline, the total length of pipelines operated by CNPC has reached 30,000 kilometers. The initial formation of the oil and gas backbone pipeline network.
China Petroleum's layout of the pipeline continues. According to the plan, in the next few years, CNPC will build backbone pipelines such as Central Asia Gas, Second West-East Gas Pipeline, China-Kazakhstan Crude Oil Phase 2, Sino-Russian Crude Oil, Lanzhou-Zhengzhou-Changsha and Fushun-Zhengzhou Refined Oil, and Jiangsu and Dalian. , Tangshan LNG receiving station, and continue to plan the construction of Sino-Russian gas, China and Myanmar oil and gas and a number of oil and gas pipelines and ports, terminals, storage and other supporting facilities.
Sinopec Corp. is also very clear about the principle of "one inch of pipe is one inch of gold." Its biggest note in this regard is the Shangmachuan Gas-to-East Pipeline Project in 2007. In terms of future pipeline network construction, it will further improve the crude oil transportation system, and promote the construction of crude oil terminals and supporting projects in Tianjin, Beihai and Rizhao, and improve the existing crude oil terminals. The company will strengthen the professional management of crude oil, refined oil and natural gas pipeline transportation, and improve the management and technical level of pipeline transportation.
Black Pps Rod,Black Pps Bar,Black Plastic Pps Rod,Black Pps Round Rod
Ningbo Zero Engineering Plastics Co.,Ltd , https://www.zero-peek.com