Abstract: Geophysical exploration technology is the important method and key technology to acquire information about underground oil and gas. It is the important basis for making decision on oil and gas exploration and development. In recent years, China National Petroleum Corporation has increased investment in geophysical technological research in oil and gas exploration and development in mountain front steep dip structural belt, carbonate rock, oil-enriched sag lithologic formation trap and tight (unconventional) oil and gas areas. The principles and theories of ^“wide line with large array^”, ^“wide azimuth and high density^” and ^“wide azimuth, broadband and high density^” in particular, effectively promoted integration of seismic acquisition, processing and interpretation and achieved good results in production and research projects. This paper reviews the progress of geophysical technology and its application results and looks into the future development trend for geophysical technology, thus providing useful information for the plans, research projects and application of new geophysical technology.