Recent Oil & Gas Exploration Harvests in the New Area of Petrochina and Future Challenges and Measures

Key words: 
• exploration of new area /
• oil& /
• gas exploration harvests /
• challenge and measure

Abstract: Since 1998, with the construction of the three large national petroleum companies including, Petrochina, Sinopec and Cnooc, the oil gas exploration situation has taken place great change in China. The three companies will face great violent competition in international and civil market. Currently, Petrochina has dominant position among the Chinese oil companies in terms of oil gas resource, proved reserves, production output and prospect right. At the same time, it has relatively strong competitiveness as compared to international companies. In recent years, being dead against oil gas exploration actuality, Petrochina has achieved a number of important discoveries and harvests in the exploration of new area through the effective measures for comprehensive geology research, seismic technique study and preparations and wider application of advanced and suitable new exploration technology. This plays key role in the crude oil production stabilization of Petrochina, at the same time, prepares some potential targets and key work target for next exploration in new area. Next step, although the facing challenge will be more serious, through effective modus formed by continuously persistence in recent years, the exploration of new area will acquire new discoveries.