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Dagang Oilfield starts production of 5 million tons of crude oil

2018-08-07 15:40

On August 3, Dagang Oilfield Company held a mobilization meeting for the production of 5 million tons of crude oil, and arranged deployments. The Dagang Oilfield Company's production of 5 million tons is of great significance for the stable production of 100 million tons of petroleum in China and the coordinated and stable development of oilfield and engineering technology enterprises in Dagang Exploration Area.

Steady implementation of exploration and development is conducted around Three Major Tasks.

In the first half of 2018, Dagang Oilfield Company steadily implemented exploration, development, production and construction around the three core tasks of reform and innovation, improving quality and efficiency, and increasing reserves and production. All work has achieved important progress.

According to Zhao Xianzheng, general manager of Dagang Oilfield Company, in the first half of the year, the newly discovered oil reserves were 9.46 million tons, and the accumulated new crude oil grade III reserves were 33.48 million tons, natural gas predicted reserves 16.5 billion cubic meters, and crude oil production 2.032 million tons, producing 266 million tons of natural gas.

It is claimed that Dagang Oilfield Company has carried out the secondary development of seven old oilfields such as Gangdong and Gangxi, and focused on strengthening the special treatment of water injection in 24 blocks including Xiaoji and Shenjiapu, and solidly promoted the industrialization of the Two-three Combination of Gangxi Oilfield. The test completed the crude oil production task in the first half of the year and overproduced 71 million square meters of natural gas. Dagang Oilfield Company has formulated and implemented the Open Source Savings and Cost Reduction and Efficiency Project Action Plan and the Three-Year Action Plan for Reducing the Total Cost of Oil and Gas while continuously deepening the performance appraisal management centered on economic benefits, strengthening the management of investment and returning to the source, and deepening the income increase. The internal potential of efficiency has reversed the passive situation of overall losses for three consecutive years. The four major business segments have achieved a book profit of 1.33 billion yuan, a budget reduction of 790 million yuan, and a continuous hard decline in unit cost and operating costs.

According to the relevant person in charge, in the second half of the year, Dagang Oilfield Company plans to add more than 20 million tons of tertiary reserves of oil and more than 15 billion cubic meters of natural gas.

Striving to produce 5 million tons of crude oil with Four Potentials

According to Zhao Xianzheng, Dagang Oilfield, as the most promising oilfield in the Bohai Bay Basin of Petro China in the current stage, proposed a new goal of promoting high-quality development of the company and producing 5 million tons of crude oil in August this year, as well as a production planning for 5 million tons of crude oil. The planned crude oil production will reach 6.5 million tons in 2020, 5 million tons in 2022 and maintain a stable production for a long period of time while the full cost of crude oil is controlled within 50 US dollars / barrel. Therefore, Dagang Oilfield Company will realize 5 million tons of production as the current and future period of efforts to increase production and accelerate production, and strive to win the battle of 5 million tons of production, and lay a solid foundation for high-quality development.

The reporter learned from the meeting that the oilfield company's crude oil output of 5 million tons has the Four Potentials. First, the reserves have a certain scale, and the evaluation of the production base is solid. As of the end of 2017, 357 million tons of unutilized petroleum geological reserves have been identified, with 199 million tons of re-evaluation conditions. Second, the results of increased reserves and construction are constantly emerging, and the prospects for production are encouraging. Since 2015, the company has implemented the integration of increased reserves and construction in the old district, and has obtained 15 high-yield wells of 100 tons. It has found a number of high-efficiency construction blocks with a new capacity of 600,000 tons. In 2018, the factory model has drilled two horizontal wells, and the number of fracturing sections and the largest scale of the oilfield are currently being sprayed for production. Third, the stable production technology of the old district is mature and the level of development is constantly improving. It plans to build a total capacity of 2.4 million tons between 2018 and 2025 and an annual production capacity of 300,000 tons. According to the completed implementation plan of the Two-three Combination of Dagang Oilfield, it will continue to develop oilfields such as Gangxi, Zaoyuan, Gangdong, Yangsanmu and so on. The oil field is implemented and the recovery factor is 16.5%. Fourth, the cost reduction and efficiency increase will be further advanced, and the operating efficiency will continue to improve. In recent years, oilfield companies have continued to reduce production and operation costs and investment and construction costs by promoting open source and cost reduction projects. The total cost of crude oil has dropped from 61.38 US dollars per barrel in 2015 to 53.52 US dollars per barrel in 2017.

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