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Core Viewpoint - Shaanxi Yanchang Petroleum is enhancing its oil production efficiency through innovative water injection techniques and carbon capture technologies, aiming for sustainable development and significant production increases by 2027 [1][2][4]. Group 1: Oil Production Techniques - The company has implemented advanced water injection techniques, increasing annual oil production from 3.5 million tons in 2015 to an expected 13.2 million tons by 2024 [1][2]. - The water injection project has resulted in a threefold increase in daily oil production, from 97 tons to 410 tons, and a reduction in natural decline rate from 6.8% to -3.3% [2]. Group 2: Carbon Capture and Utilization - The company is actively involved in carbon capture, utilization, and storage (CCUS), injecting 360,000 tons of CO2 underground annually, which is equivalent to planting 3.24 million trees [3][4]. - The CCUS projects have achieved a cost of 105 yuan per ton for CO2 capture, creating an economically viable closed-loop industry [4]. Group 3: Technological Innovation - The company has developed a low-carbon development model integrating coal chemical industry and tight oil and gas green development, recognized internationally for its CCUS projects [4]. - The company has undertaken 29 national-level projects and 137 provincial-level projects, with an annual patent authorization growth of 21% [7]. Group 4: Marketing and Sales Innovations - The company has launched an online bidding platform for refined oil products, attracting 20 enterprises and successfully auctioning 8,385 tons of oil [8]. - This initiative is part of the company's broader strategy to enhance market transparency and maximize product value through innovative business models [8].