oil-gas exploration
In 20 1 1 year, the company's domestic proven petroleum geological reserves increased by 7150,000 tons, and the proven natural gas geological reserves increased by 487.9 billion cubic meters, equivalent to the proven oil and gas reserves exceeding1000 million tons. The newly-increased oil and gas reserves are mainly lithologic oil and gas reservoirs and low permeability oil and gas reservoirs, which are generally buried deeply, but with large scale and strong availability. The situation of resource replacement continues to improve, and the replacement rate of oil reserves continues to be greater than 1.
Development and production
20 1 1 Domestic oil and gas production maintained a stable operation. The company continues to increase the capacity construction of the new area, adhere to the principle of overall development of new oil fields, and continue to promote the standardization of ground construction. The daily output of new wells and single wells increased year-on-year. Through continuous promotion of refined management of old oil fields and in-depth development of special water injection treatment, the main development indicators have been continuously improved, the utilization degree of water drive reserves has increased to 72%, the natural decline rate of old wells has decreased by 65,438 0.6%, and the water cut increase rate has been controlled within 0.5%. The popularization and application of mature technologies and characteristic applicable technologies such as horizontal well, underbalanced drilling and reservoir reconstruction have played an important role in improving drilling speed, stabilizing and increasing single well production, and improving the efficiency and benefit of oil and gas field development. In the whole year, the domestic oil and gas equivalent output reached167.79 million tons, up by 2.8% year-on-year. Among them, natural gas production accounts for about 36% of the company's total oil and gas equivalent. Refining business is an important field to enhance the company's value. 20 1 1 year, the company is market-oriented, strengthens production and operation management, and keeps the refinery running at high load. The 22 main technical and economic indicators are better than those of the previous year. The output of light oil, ethylene and diene remained the leading in China, and the scale and strength of refining business were further enhanced.
20 1 1 domestic crude oil processing144.83 million tons, up 7.1%year on year; It produced 93 million tons of refined oil, up 7.7% year-on-year. According to the market demand, timely adjust and optimize the product structure, speed up the upgrading of refined oil quality, and ensure the stable supply of the market. Sales business is an important window for enterprises to serve end consumers and enhance brand value. By continuously optimizing the layout of marketing network, we will continuously improve the service quality and efficiency, and strive to ensure the stable supply of domestic refined oil market.
20 1 1 year, the company accurately grasped the domestic market trend, flexibly formulated marketing strategies, adjusted the sales rhythm in time, and made new progress in refined oil sales. The annual sales volume of refined oil products exceeded 6,543.8+billion tons, up 12.2% year-on-year. Among them, the retail volume exceeded 85 million tons, an increase of 19% over the previous year. Daily sales of single station increased by 7.7% year-on-year, gasoline sales increased significantly, and the proportion of terminal sales remained at around 90%. Natural gas and pipeline business is one of the fastest growing core businesses of China Petroleum. The company adheres to the principle of "simultaneous development of oil and gas" and accelerates the development of natural gas business, which conforms to the adjustment direction of national energy consumption structure and is also a realistic way to promote green development.
With the continuous breakthrough of domestic natural gas exploration and development, the capacity construction in the new area has been intensified, and the company's natural gas reserves and output have achieved rapid growth. The production capacity of major domestic natural gas producing areas such as Changqing and Tarim has gradually expanded, especially in Changqing gas area. At the same time, with the commissioning of the Central Asia natural gas pipeline and the Second West-East Gas Pipeline, the company's natural gas imports doubled. All these have laid a solid foundation for the rapid development of natural gas business. 20 1 1 year, the company further optimized overseas asset allocation, strengthened risk prevention and control capabilities, and steadily improved the quality and efficiency of international oil and gas business.
The company continued to promote overseas risk exploration and rolling exploration, intensified independent exploration and made a series of important discoveries. This oil and gas area was discovered in the new area in the east of Bongo Basin in the H area of Chad. Through rolling exploration, the company has made a series of new progress in cooperation projects in Kazakhstan, Indonesia, South America and other countries and regions.
international trade
20 1 1 year, the international trade business continued to maintain a rapid development trend, and the business scale continued to expand. The company actively carried out oil futures, oil refining, processing, exchange, transportation, wholesale and retail business, and its operating efficiency increased significantly. The annual trade volume was 250 million tons, up 2.91%year on year; The trade volume reached 192 1 billion dollars.
The crude oil business focuses on improving the ability of market analysis and judgment, strictly controls business risks, comprehensively uses various trade methods and means, greatly enhances the ability to control resources and actively raises imported resources. China petroleum equipment manufacturing industry is one of the main businesses of China Petroleum and Natural Gas Group Corporation, which grows with the development of China petroleum industry. After more than 50 years of development, it has formed a relatively complete equipment manufacturing system and strong R&D, design, processing, manufacturing, sales and service capabilities. It has become an important force in China's equipment manufacturing industry and has great influence in the global petroleum and petrochemical equipment manufacturing field.
More than 0/00 enterprises of China Petroleum and Natural Gas Group started equipment manufacturing, among which Baoji Petroleum Machinery Co., Ltd., Baoji Petroleum Steel Pipe Factory, Jichai Power General Factory, Bohai Petroleum Equipment Manufacturing Co., Ltd., Daqing Oilfield and Liaohe Oilfield became large-scale drilling, oil production, steel pipe, electric power and offshore oil equipment manufacturing bases; In the fields of oil refining, geophysical prospecting, logging, drilling, production, etc., Lanzhou Petrochemical, Daqing Petrochemical, Oriental Geophysical Prospecting, China Petroleum Logging, Beijing Petroleum Machinery Factory and other characteristic enterprises have been cultivated and developed. China Petroleum Technology Development Company has developed into a world-class international trading company exporting petroleum equipment products. innovation in science and technology
In 20 1 1 year, the company carried out a series of technical research on key bottleneck technologies that restricted the development of its main business, such as oil and gas exploration and refining, and made positive progress and achievements, further enhancing its independent innovation capability and providing strong technical support and guarantee for promoting the rapid development of its main business.
New energy development
As of May 20 13, the company's new energy business mainly includes unconventional oil and gas resources such as coalbed methane, oil shale, shale gas and oil sands, as well as the development and utilization of renewable energy such as biomass energy, wind energy, solar energy and geothermal energy.
Financial trade
The company's financial business mainly involves fund management, financial insurance and other fields. Through its wholly-owned subsidiary-CNPC Asset Management Co., Ltd. and its holding subsidiary-CNPC Finance Co., Ltd., it conducts asset restructuring, equity financing, mergers and acquisitions, and equity investment, management and disposal.
Mining area service
Most of the business premises are saline-alkali wasteland and plateau Gobi, with poor natural conditions. China Petroleum and Natural Gas Group Company adheres to the corporate purpose of "Dedicating energy and creating harmony", conscientiously implements Scientific Outlook on Development, actively promotes the construction of harmonious mining areas, and strives to create harmony between production and life, energy and environment, and man and nature. No matter at home or overseas, China Petroleum actively participates in the construction of green mining areas and ecological harmonious communities, building one place and one green place, creating a harmonious community environment, actively promoting the all-round development of local economy and society, and providing strong support for the company's comprehensive, coordinated and sustainable development.
Business travel service
Huayou Group, a subsidiary of China Petroleum, is a specialized company with hotel tourism as its core business. Sunshine Hotel Group takes the "Sunshine" brand as the core, and strives to build a standardized, networked and internationally leading domestic and international first-class hotel group with core competitiveness.