Current location:opinions >>
Domestic oil, gas production hits record in 2023
opinions2341People 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.“International Illustrations news portal”。http://finland.havadist.com/content-70b599842.html
Related articles
Bizarre moment yacht gets wedged underneath railway arches while being carried on a low
opinionsSurprised motorists were caught off guard in Essex after realising an obstruction ahead was not caus ...
【opinions】
Read moreWatch: PM Christopher Luxon announces building products shake
opinions...
【opinions】
Read moreThe 96th Annual Academy Awards
opinionsUS actress Emma Stone accepts the award for Best Actress in a Leading Role for "Poor Things." Photo: ...
【opinions】
Read more
Popular articles
- New Jersey and union ask judge to dismiss anti
- Four things to watch out for as Americans vote
- Christopher Luxon arrives in Wellington ahead of potential coalition announcement
- Winston Peters says Gaza 'a wasteland', criticises UN Security Council in speech
- Dortmund's injury concerns ease before facing PSG in Champions League semifinal
- School attendance held back by sickness
Latest articles
Rhod Gilbert shares cancer update as he admits he's 'pinching himself' over performing stand
Judith Collins picks up raft of ministerial positions in new government
Killer whale vs shark: Solo orca eats great white
Law change needed to help at
FCC fines wireless carriers for sharing user locations without consent
Migration still at record levels but signs of slowdown
LINKS
- Starting QBs return for SEC's top 4 from last season as other teams turn to backups, transfers
- Nutritionists reveal the best FOODS to eat if you want to eradicate acne and get glowing skin
- AP Week in Pictures: North America
- Alphabet, Snap rise; Intel, Boyd Gaming fall, Friday, 4/26/2024
- Charges revealed against a former Trump aide and 4 lawyers in Arizona fake electors case
- Maine govenor signs off on new gun laws, mental health supports in wake of Lewiston shootings
- At least 70 people killed by flooding in Kenya as more rain is expected through the weekend
- Heartbreaking moment loyal dog desperately chases its owners' car after it was dumped on road
- Ashley Judd, #MeToo founders react to ruling overturning Harvey Weinstein's conviction
- Online retailer Shein is latest to face strict European Union digital regulations