PETROCHINA(SH:601857) Jing Ji Ri Bao·2025-11-01 13:18Core Insights - The Xinjiang Oilfield, marking its 70th anniversary, has produced a total of 470 million tons of crude oil and 112.1 billion cubic meters of natural gas, establishing itself as a significant energy base in China [1][2] - Technological innovation is now the core driver of development for the Xinjiang Oilfield, with substantial investments in research and breakthroughs in various fields [2] Group 1: Historical Achievements - The discovery of the Karamay Oilfield in 1955 marked the beginning of China's first major oilfield, leading to the establishment of multiple oil and gas fields across 130,000 square kilometers [1] - Significant milestones include the discovery of the Luliang Oilfield in 2002, which was the first major oil discovery in the new century, and the Karamay Gas Field in 2008, which has over 100 billion cubic meters of reserves [1] - The Mahu Oilfield, discovered in 2017, is recognized as the world's largest tight sandstone oilfield, and the first 1 billion-ton shale oil demonstration area was established in 2012 [1] Group 2: Technological and Environmental Initiatives - The Xinjiang Oilfield has increased its research investment, achieving breakthroughs in deep detection and enhanced oil recovery, with technologies reaching international leading levels [2] - The company is actively pursuing a green and low-carbon transformation, implementing measures such as energy conservation, carbon capture, utilization, and storage (CCUS), with the largest CCUS project in China established in 2021 [2] - Plans for a CCUS/CCS project aiming for a cumulative carbon injection of over 10 million tons are underway, with over 1 million tons of carbon already captured [2]