China Petroleum Exploration ›› 2025, Vol. 30 ›› Issue (2): 16-24.DOI: 10.3969/j.issn.1672-7703.2025.02.002

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Management innovation in high-efficiency overseas exploration and value creation practice

He Wenyuan1,Wang Wangquan1,Li Zhi2,Pang Wenzhu1,Li Fuheng2,Wang Renchong1,Yang Zi2,Kang Hailiang2,Xu Hailong2,Hou Ping2,Qu junya2,Shang Fei2   

  1. 1 China National Oil and Gas Exploration and Development Co., Ltd.; 2 PetroChina Research Institute of Petroleum Exploration & Development
  • Online:2025-03-14 Published:2025-03-14

Abstract: The high-efficiency exploration is key initiatives to establish independent and controllable overseas core oil and gas production zone, and promote the high-quality development of overseas oil and gas business. In response to the four major characteristics of overseas exploration, such as restrictions, risks, economy, and internationalization, CNPC has researched and formed the “1435” high-efficiency exploration system in recent years. “1” represents the goal of creating world-class value creation of overseas exploration. “4” refers to four sets of management systems characterized by “unified management and centralized decision-making”, including business management, risk exploration, whole lifecycle engineering, and collaborative innovation. “3” refers to evaluation work in three aspects of exploration targets,single exploration project, and full cycle exploration. “5” refers to five major projects of “mountain area exploration” technology, risk exploration, centralized exploration, fine exploration, and rolling exploration. As a result, significant achievements have been made in four aspects, i.e., fields without breakthrough for long periods, exploration in new areas and new fields, expanding reserve scale in mature areas,and increasing reserves and production in old areas, discovering two world-class one-billion-ton level oil fields, a trillion-cubic-meter level large natural gas zone, one 500-million-ton level oil field group, and 10 high-quality reserve areas, which effectively support the beneficial and steady production of 100-million-ton equity production and further consolidate the resource foundation for high-quality development of overseas oil and gas business. The “1435” high-efficiency exploration system will provide solid support for China’s oil companies to continuously enhance their global resource control and ensure the national energy security.

Key words: high-efficiency exploration, value creation, four sets of systems, evaluation in three aspects, five major projects, high-quality development

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