Production Plan Exceeded Daqing Oilfield's Output of 22.66 million tons in the First Half of the Year

The production plan exceeds the sustained growth of proved reserves

Daqing Oilfield produced 2266 tons of oil in the first half of the year

The main oil field oil recovery rate of 50% ranks first in the country

Daqing Oilfield announced recently: The oil field produced crude oil in the first half of the year of 22,661,200 tons and natural gas of 1,229 million cubic meters, exceeding the scheduled oil and gas production plan. At the same time, proven reserves

The volume has continued to grow. Among the proved oil reserves, the remaining reserves are nearly 3.8 billion tons. All this shows the good prospects of “continuous and effective development and creation of a hundred-year oilfield” in Daqing Oilfield.

This year marks the 45th anniversary of the development of Daqing Oilfield. Over the past 45 years, the oil field has produced more than 1.8 billion tons of crude oil, accounting for 40% of the country's total onshore crude oil production. Among them, it has achieved an annual output of 50 million tons of crude oil in 27 years, which has created a miracle in the history of similar oilfield development in the world.

Wang Yupu, chairman and general manager of Daqing Oilfield Company, told reporters that Daqing Oilfield is adopting scientific, reasonable and effective measures for sustainable development, setting up conservation-oriented enterprises, continuation of oilfield exploitation time, improvement of development level, and improvement of oilfield operation efficiency. They established the goal of “resource replacement by technology” and formed a series of supporting technologies for water flooding mining and polymer flooding in large-scale continental sandstone oil fields, increasing the recovery rate of the main oil fields to 50%, ranking first in the country, and are expected to reach 60%. Strengthen the construction of internal control systems, optimize various resource allocations, vigorously implement low-cost strategies, and lower investment costs in new areas through investment decisions, budget management, optimization systems, and policy incentives. They also implement a green oil production strategy, which forms a water recycling economy that injects water, oil, and sewage into underground water, avoids environmental pollution, and greatly reduces oil production costs.

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