In the first quarter of this year, PetroChina's Jilin Oilfield delivered an outstanding performance, achieving production increases across oil, natural gas, and new energy sectors, with a cumulative overproduction of 3,000 tons (including equivalent conversions). Aligned with its blueprint to build a ten-million-ton green energy enterprise, the company has focused on annual targets and strengthened core operations, accelerating coordinated breakthroughs in three key areas: stabilizing crude oil output, increasing natural gas production, and exceeding new energy goals. This progress lays a solid foundation for securing annual momentum and ensuring a strong start to the 15th Five-Year Plan period.
Crude oil production maintained its foundational role. Confronting the challenge of stabilizing output in mature oilfields, Jilin Oilfield vigorously implemented measures to maintain the reserves-to-production ratio, stabilizing volume while optimizing structure to proactively manage crude oil production. Over the past three months, more than 300 operational teams seized the spring construction season, reinforcing the stability of crude oil output as a fundamental pillar.
Natural gas emerged as a key growth driver. The company concentrated on three main strategies: cost-effective development of tight gas, efficiency improvements in mature fields, and increasing SEC-proven reserves. Through precise planning and meticulous development management, Jilin Oilfield has consistently slowed the natural decline rate and improved the commercial yield of natural gas. Throughout the first quarter, daily natural gas production showed a sustained upward trend, effectively supporting residential gas demand in Northeast China.
New energy initiatives advanced to a higher level. Jilin Oilfield has actively shifted its operational management approach, moving from an emphasis on grid connection and total volume to a balanced focus on both external supply and internal consumption, as well as scale and profitability. The company is comprehensively upgrading its oil and gas development model, vigorously promoting low-carbon production processes, and accelerating its green transformation. In the first quarter, green electricity generation exceeded 3.9 billion kilowatt-hours, an increase of 480 million kilowatt-hours year-on-year. Of this total, 2.4 billion kilowatt-hours were supplied externally, while 1.5 billion kilowatt-hours were used for self-consumption, raising the proportion of green power consumed within the oilfield to over 35%.
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