China Petroleum Exploration ›› 2018, Vol. 23 ›› Issue (1): 1-13.DOI: 10.3969/j.issn.1672-7703.2018.01.001

• EXPLORATION STRATEGY •     Next Articles

Recent progress and prospect of oil and gas exploration by PetroChina Company Limited

Hou Qijun1, He Haiqing2, Li Jianzhong3, Yang Tao3   

  1. 1 China National Petroleum Corporation;
    2 China Petroleum Exploration and Production Company, PetroChina;
    3 Research Institute of Petroleum Exploration and Development, PetroChina
  • Received:2017-11-27 Revised:2017-12-04 Online:2018-01-15 Published:2018-01-04
  • Supported by:
     

Abstract: In recent two years, PetroChina Company Limited (hereinafter referred to as PetroChina for short) has made 12 important exploration progresses in domestic oil and gas exploration in clastic rocks, marine carbonate rocks, foreland thrust belts, lacustrine carbonate rocks, mature fields and unconventional oil and gas fields. Based on comprehensive analysis of PetroChina own oil and gas resources, remaining oil and gas resources and their exploration degree, and the influence of geological understanding and exploration technology on oil and gas exploration, this paper concludes that the prospect of domestic oil and gas exploration is still promising, but also faces many challenges, such as complex underground conditions, deeper burial depths and poorer quality of remaining resources. In the future, on the assumption of long-term low oil prices, PetroChina will adhere to the strategies of resources and innovation, follow the principle of efficient exploration, focus on "four types of exploration" and strengthen "three fields of innovation", so as to make new discoveries and breakthroughs in oil and gas exploration for sustainable and steady development.

 

Key words: exploration progress, exploration technology, oil and gas resources, exploration potential, exploration strategy, PetroChina

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