On January 15, data from the National Energy Administration showed that in 2023, domestic oil and gas production was equivalent to more than 390 million tons, a record high. It maintained a rapid growth trend of 10 million tons for 7 consecutive years, forming a new peak period for production growth.
The Zhitong Finance App learned that on January 15, data from the National Energy Administration showed that in 2023, domestic oil and gas production was equivalent to more than 390 million tons, a record high. It maintained a rapid growth trend of 10 million tons for 7 consecutive years, forming a new peak period for production growth. Among them, crude oil production reached 208 million tons, a sharp increase of nearly 19 million tons compared to 2018; natural gas production reached 230 billion cubic meters, maintaining an increase of 10 billion cubic meters for 7 consecutive years.
Dig deep in the old oil area. Daqing Oilfield has maintained steady production of 30 million tons for 9 consecutive years, producing more than 2.5 billion tons of crude oil, accounting for 36% of the country's total onshore crude oil production. Deep ultra-deep exploration and development continues to yield significant discoveries. China has efficiently built a number of large deep oil fields, with an output of 11.8 million tons in 2023.
Unconventional oil and gas production continues to grow. Construction of the three national demonstration zones of Jimsar, Daqing Gulong, and Shengli Jiyang in Xinjiang and the Qingcheng shale oil field was accelerated. A commercial breakthrough was achieved in the multi-well test in the Qintong Depression in northern Jiangsu. Shale oil production reached a new high of 4 million tons; and unconventional natural gas production exceeded 96 billion cubic meters.
This article was selected from the “National Energy Administration” WeChat account, Zhitong Finance Editor: Wang Jie.