Your current location:HOME >sport >Domestic oil, gas production hits record in 2023 正文
TIME:2024-05-21 16:05:04 Source: Internet compilationEdit:sport
Oil 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.
Shohei Ohtani's first walk2024-05-21 15:51
New scientific experimental samples from China's space station return to Earth2024-05-21 15:36
World's largest single capacity offshore wind turbine successfully installed2024-05-21 15:34
In pics: 2023 China New Media Conference in Changsha2024-05-21 15:13
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient2024-05-21 15:10
Technical, technological measures facilitate restoration of seagrass beds2024-05-21 15:01
Study reveals genetic mechanism behind Tibetans' high2024-05-21 14:53
Virtual technology showcased at 2023 CIFTIS2024-05-21 14:53
Devout Christian doctor, 68, who punched dementia2024-05-21 14:09
Private sector actively competing for involvement in China's space station, manned lunar missions2024-05-21 13:24
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse2024-05-21 15:59
China, Micronesia to elevate ties2024-05-21 14:21
Inside Lily James' idyllic childhood as the daughter of a musician and actress2024-05-21 14:09
Spring outing popular among Chinese people: survey2024-05-21 14:08
Who is Jacob Zuma, the former South African president disqualified from next week's election?2024-05-21 13:58
Olivier Awards 2024: Sarah Snook stuns in a black velvet dress ahead of Best Actress win for her one2024-05-21 13:57
Over 2,300 people battling forest fire in southwest China2024-05-21 13:44
Jess Glynne gushes her high2024-05-21 13:27
Shohei Ohtani's first walk2024-05-21 13:21
Shirley MacLaine has a laugh with friends while enjoying lunch in Malibu2024-05-21 13:19