Current location:style >>
Domestic oil, gas production hits record in 2023
style2874People have gathered around
IntroductionOil and gas production reached a record high in China last year, as domestic companies stepped up up ...
Oil and gas production reached a record high in China last year, as domestic companies stepped up upstream exploitation and exploration of the fossil fuels to ensure energy security, the National Energy Administration said.
Domestic oil and gas production equivalent exceeded 390 million metric tons last year, with an average annual growth rate of 11.7 million tons of oil equivalent.
Crude oil production, meanwhile, rose to 208 million tons, up more than 3 million tons compared with that in 2022, while natural gas production reached 230 billion cubic meters, it said.
Production of unconventional natural gas, including tight gas, shale gas, coal-bed methane, and natural gas hydrates, exceeded 96 billion cubic meters last year, constituting 43 percent of the total natural gas output and emerging as a significant growth driver in the increase and storage of natural gas, NEA said.
China has been accelerating efforts in oil and gas exploration, focusing on increasing capacity and storage of oil and gas, and adopting advanced technologies to bolster energy security and reduce its reliance on foreign energy resources, said Li Ziyue, an analyst with BloombergNEF.
The nation's domestic gas output grew 6 percent last year as the country has been hiking investment in oil and gas exploration in recent years, Li added.
Surging nonconventional gas production, which is estimated to have spiked by around a third from the previous year in 2023, has contributed immensely to enhanced domestic gas supply security, she said.
"China is on a fast track to further exploit deep-sea gas resources, which will in turn further strengthen the country's energy security in the offshore sector."
China's offshore oil and gas output has great upside potential, Li added.
According to the energy administration, growth in the oil sector last year came mostly from offshore sources, with domestic offshore crude oil production exceeding 62 million tons, accounting for over 60 percent of the national increase in crude oil production.
China National Offshore Oil Corp has said previously that the exploitation of offshore natural gas resources is steadily advancing toward ultra-deep waters.
China has also been making major breakthroughs in independent marine exploration.
CNOOC recently completed a 3,000-meter deep seabed geology exploration, with an independently developed marine seismic exploration and acquisition equipment — "Haijing" — which is a major breakthrough in the country's independent marine exploration technology.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Stories news portal”。http://samoa.brianlynch.org/content-36d199920.html
Related articles
Box office: ‘Challengers’ scores with $15 million in ticket sales
styleThe sexy tennis drama “ Challengers ” won the box office this weekend with $15 million in ticket sal ...
【style】
Read moreMexico's presidential candidates discuss social spending, climate change in 2nd debate
styleMEXICO CITY (AP) — Mexico’s leading presidential candidate repeatedly touted the social programs of ...
【style】
Read moreA Chinese storm chaser
styleFew people in China savor lightning strikes more than Liu Yijing, a 21-year-old photographer who has ...
【style】
Read more
Popular articles
- HSBC CEO Noel Quinn plans to retire
- Chen Yufei reaches last 16 at All England Badminton
- Bookings for cultural, culinary travels surge ahead of Spring Festival
- Harbin's wintry success on display
- Growing wildfire risk leaves states grappling with how to keep property insurers from fleeing
- LeBron James EXPLODES on Lakers coach Darvin Ham for not challenging out
Latest articles
Grandparents and a grandchild are among those killed in a police chase in Canada
A Chinese storm chaser
Revival of vinyl records spares a 77
Florida sheriff says deputies killed a gunman in shootout that wounded 2 officers
Immigrant's $1.3B Powerball win spotlights the Iu Mien community
How Columbia University's complex history with the student protest movement echoes into today
LINKS
- Seager's RBI groundout and Taveras RBI single lead the Rangers over the Tigers 9
- Defending champion Lilia Vu withdraws from Chevron Championship with back injury before 1st round
- Danny Cipriani holidays with 90210 star AnnaLynne McCord at spiritual retreat in Egypt
- Alabama lawmakers advance bill to strengthen state's weak open records law
- Tibetan political leader ‘optimistic’ about passage of US bill on Tibet — Radio Free Asia
- Defending champion Lilia Vu withdraws from Chevron Championship with back injury before 1st round
- Nevada Supreme Court rulings hand setbacks to gun
- Two shootings, two different responses — Maine restricts guns while Iowa arms teachers
- Palestinian American poet Fady Joudah receives $100,000 prize
- Proposal would assure schools that cooperate fully in NCAA investigations avoid postseason ban