"Three Barrels Of Oil" Annual Conference Focuses On Energy Security And Accelerates The Pace Of Low Carbon Transformation

Recently, the 2021 working conference of CNPC was held in Beijing in the form of video. So far, the 2021 working meeting of "three barrels of oil" has been completed.

It is worth mentioning that the time span between SINOPEC, the first to hold the annual meeting, and PetroChina, the last, is nearly a month.

"For global investors, the most concerned point of Chinese oil companies is undoubtedly the low-carbon transformation plan of oil enterprises under the goal of carbon neutralization and carbon peak," an industry source told reporters. "However, under the background of China's national conditions, reducing the external dependence of oil and gas resources as much as possible and ensuring domestic energy security are still the work of the three oil companies in the future The point. "

Increase domestic supply

As the largest oil and gas producer in China, PetroChina has repeatedly emphasized the future oil and gas production in the annual working meeting.

At the meeting, Dai Houliang, chairman and Secretary of the Party group of CNPC, made a theme report on anchoring the world-class goal, strengthening innovation and reform management, and striving for high-quality development with all efforts. Dai Houliang said that in the new era and new stage, the great changes not seen in a hundred years have accelerated the evolution, and the macro environment at home and abroad has changed profoundly. The company is facing a series of new opportunities and challenges.

During the "14th five year plan" period, the company will vigorously implement the five major strategies of innovation, resources, market, internationalization and green low-carbon, highlight the industrial characteristics of "energy company", unswervingly strengthen and optimize oil and gas business, accelerate the layout of new energy, new materials and new formats, and strive to build a new pattern of multi energy complementary.

On the specific requirements of oil and gas production business, Dai Houliang said that domestic upstream business should vigorously stabilize oil, increase gas and reduce cost, effectively enhance the ability to ensure national energy security based on domestic, and spare no effort to improve quality and efficiency.

During the "13th five year plan" period, PetroChina's newly increased proven oil and gas reserves have both reached a new high since the listing; the annual newly increased proved oil and gas reserves have exceeded 600 million tons for 15 consecutive years, and the annual newly increased proven geological reserves of natural gas have exceeded 400 billion cubic meters for 14 consecutive years, which is the longest peak of reserve growth in history.

At the end of 2020, the company's domestic oil and gas production equivalent history exceeded 200 million tons for the first time, which completed the work objectives of the working conference at the beginning of the year, and it was also a historic leap for PetroChina itself. It is worth mentioning that in 2020, China's oil and gas production will exceed 130 billion cubic meters, and the increment will exceed domestic crude oil production for the first time.

Zou caII, academician of the Chinese Academy of Sciences, said that in the past, PetroChina mainly produced oil. This year, the oil equivalent of natural gas production slightly exceeded that of oil production, indicating that PetroChina will enter a new stage of stable oil and gas production, which is of great significance. "It is estimated that by 2025, China's natural gas production will exceed oil production, China's oil industry will enter a stable development stage, and the natural gas industry will enter a new stage of leapfrog development." Zou said.

CNOOC, another major oil and gas production enterprise, held its annual working meeting on January 19. Wang Dongjin, chairman of the company, said CNOOC should strive to be a leader in marine energy development, a fresh force in green and low-carbon transformation of energy, a vanguard in comprehensively deepening reform and innovation, a new window for China's opening up to the outside world, and a pillar of central government's steady growth.

It is reported that during the "14th five year plan" period, CNOOC will actively comply with the new pattern of "double cycle" of China's economic and social development and the new trend of energy development, continuously increase domestic exploration and development efforts, increase scientific and technological research, speed up and improve efficiency, adhere to the low-cost development strategy, and strive to produce more than 80 million tons of oil and gas in 2025.

"As China's state-owned oil companies, reducing the dependence on foreign oil is a very important task." "Compared with the upstream exploration investment, the investment in new energy can be said to be very small, but in order to comply with the carbon neutral target, they still need to make commitment and efforts in transformation," the above-mentioned people told 21st century economic report

Transformation of low carbon new energy

At the annual working meeting of Sinopec Group, the company proposed the overall plan for the "14th five year plan" and medium and long-term development, and implemented the world's leading development strategy, with the main contents including vision and objectives, core responsibilities, industrial pattern and development strategy, so as to build Sinopec into a world leading clean energy chemical company.

This is also the first time Sinopec put forward the "world leading development strategy", that is, to build a world leading clean energy chemical company as the vision goal, firmly shoulder the two core responsibilities of safeguarding national energy security and leading the high-quality development of China's petrochemical industry, and accelerate the construction of energy resources based, clean oil and modern chemical industry as two wings, and new energy and new materials and new economy as the focus The industrial pattern of "one base, two wings and three new" should be established.

In recent years, Sinopec has made public a number of low-carbon transformation measures. On January 15, Zhang Yuzhuo, chairman of the company, made a commitment to thoroughly implement the new development concept, vigorously implement the green and clean development strategy, and take "net zero" carbon emission as the ultimate goal.

During the 13th Five Year Plan period, Sinopec increased the exploration and development of shale gas and coalbed methane while increasing the production capacity of conventional natural gas; geothermal heating capacity reached 57 million square meters; achieved the success of cross ocean commercial flight of biological aviation coal, and made biodiesel "normalized" applied to vehicles; accelerated the layout of hydrogen energy industry, and built the first oil hydrogen joint construction station in China.

"For Chinese oil companies, the investors they face may not be as demanding on new energy and low-carbon transformation as the European market does." "However, with the carbon neutral target approaching, oil companies must start from now on to establish their own goals and transformation path," the source told reporters

CNOOC also announced on January 15 that it officially launched the carbon neutral program, which will comprehensively promote the company's green and low-carbon transformation. During the "14th five year plan" period, CNOOC will focus on improving the supply capacity of natural gas resources and accelerating the development of new energy industry, so as to promote the proportion of clean and low-carbon energy to more than 60%.

In terms of new energy, we will give full play to the comparative advantages of the marine industry, develop the new energy industry with marine resources as the main body, accelerate the industrialization and scale development of offshore wind power on the basis of realizing the first offshore wind power project grid connected power generation in 2020, explore the comprehensive utilization of marine energy, and actively promote the company's leap from traditional oil and gas to new energy.

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