Changqing oilfield energy storage company factory operation

Why is Changqing oilfield the largest natural gas industrial base in China?

Natural gas development shifted from low-permeability gas reservoirs to tight gas reservoirs, and annual gas production reached 380 × 10 8 m 3, making Changqing Oilfield the largest natural gas industrial base in China.

What does Changqing oilfield stand for?

PetroChina Changqing Oilfield Company (Changqing Oilfield) recently achieved a milestone, marking a cumulative production of over 1 billion tons of oil equivalent. Its operations injected robust impetus to national energy security and coordinated development of regional economy.

How much oil does Changqing oilfield produce a year?

With a yearly oil production of 2432 × 10 4 t and gas production of 346.8 × 10 8 m 3, or oil/gas equivalent production of 5195 × 10 4 t, Changqing Oilfield became another landmark in the development history of China's petroleum industry.

Does Changqing oilfield have a regional advantage?

Moreover, Changqing Oilfield has an obvious regional advantage. At present, the gas province has 10 outbound pipelines, which, together with two West-to-East Gas Pipelines, constitute China's important production base of oil and gas and onshore natural gas pipe network hub.

Where is Changqing oilfield located?

Changqing Oilfield is located in the Ordos Basin, which is characterized by "low permeability, low pressure, and low abundance". Thus, it faces some of the most daunting challenges in the world for exploration and production. At Changqing Oilfield, technological innovation is considered as the primary driving force for boosting production.

What is PetroChina Changqing oilfield?

PetroChina Changqing Oilfield Company (hereinafter referred to as Changqing Oilfield) built the largest oil and gas production base of China in the Ordos Basin in 2013, achieving the yearly natural gas production of 375 × 10 8 m 3 in 2015.