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The deep water field has become the key direction of global oil and gas exploration discoveries

2022-10-25

On the 25th, the National Oil and Gas Strategic Research Center and the China Petroleum Exploration and Development Research Institute released the report "Global Oil and Gas Exploration and Development Situation and Oil Company Dynamics (2022)" in Beijing.

 

The deep water field has become the key direction of global oil and gas exploration discoveries

 

The report believes that under the background of "double carbon", the deepwater oil and gas exploration and development business, which is the profit engine of the traditional oil and gas field, is still one of the development priorities of international oil companies. The deepwater field has become the most potential development direction of the global oil and gas exploration and development business. Risk sharing and win-win cooperation are the mainstream of global deepwater oil and gas project operations.

 

The report pointed out that the global deepwater oil and gas resources are abundant and the proven rate is low, which is the most potential development direction of the exploration and development business. In the past 10 years, deepwater oil and gas projects have become the core areas of global oil and gas reserves and production. Among the 101 newly discovered large oil and gas fields, the number of deepwater oil and gas fields accounts for 67% and the reserves account for 68%. Deepwater oil and gas production continues to rise. In 2021, global deepwater oil and gas production will be 500 million tons of oil equivalent, accounting for 6.3% of global oil and gas production.

 

"Global Oil and Gas Exploration and Development Situation and Oil Company Dynamics (2022)" report conference site

 

"Although deepwater oil and gas exploration and development projects have large investment, high risks, complex technology and difficult operation, after decades of exploration, exploration and development, engineering technology and equipment capabilities have become increasingly mature, and the industry has accumulated a large number of research results and Rich cases." The report believes that participants at different levels, including resource countries, international oil companies, independent oil companies and even oil service companies, adhere to the concept of win-win cooperation, and can all show their skills in the deepwater field and pursue returns.

 

According to the report, deepwater exploration and development business mainly shows five characteristics: risk sharing and win-win cooperation are the mainstream of global deepwater oil and gas project operations; self-employment is the main mode to solve deepwater engineering technology and engineering construction problems; Keeping a close eye on the hot spots and sticking to the frontier are the main practices for successful deepwater oil and gas exploration by international oil companies; risk control and business operations are the keys to the on-time production and peaking of deepwater oil and gas projects; the use of mechanisms and in-depth participation can provide effective protection for the rights and interests of minority shareholders.

 

Liu Xiaobing, a senior engineer at the Oil and Gas Resources Exploration Institute of the China Petroleum Exploration and Development Research Institute, said at the press conference that the deep water field has become the main battlefield for global exploration discoveries. In the context of energy transition, we still need to seize the opportunity to vigorously acquire favorable exploration blocks and form effective resource reserves. Strengthen exploration, cooperation and exploration, and gradually realize the leap from "going out" to "going up".