Xin Lang Cai Jing·2025-11-20 02:22Core Concept - The concept of "deep earth economy" has gained significant attention in the capital market as of October 2025, indicating a strategic shift towards resource extraction from deep within the Earth, impacting various sectors such as oil and gas, mining, and infrastructure [1] Group 1: Market Response and Strategic Initiatives - The capital market has reacted positively to the emergence of the deep earth economy, with multiple sectors showing strength, suggesting a multi-trillion yuan new growth avenue [1] - The Ministry of Natural Resources has outlined plans for the 14th Five-Year Plan, emphasizing the need for standardization in emerging industries such as deep-sea and deep-earth exploration [1][2] - A special fund has been established at the central level to guide social capital and accelerate the formulation of national standards in deep earth drilling and equipment manufacturing [1] Group 2: Resource Potential and Development Opportunities - China possesses significant deep and ultra-deep oil and gas resources, totaling 671 million tons of oil equivalent, which accounts for approximately 34% of the nation's total oil and gas resources [2] - The Sichuan Basin, particularly the city of Bazhong, is identified as a key area for deep oil and gas exploration, benefiting from favorable geological conditions and substantial resource reserves [3][5] - Bazhong's natural gas geological reserves are estimated at 1.4 trillion cubic meters, with shale oil resources around 25 million tons, indicating high economic value and development potential [5] Group 3: Investment and Development Metrics - From January to October this year, Bazhong completed investments of 1.692 billion yuan, a year-on-year increase of 63.5%, with a notable rise in the number of oil and gas wells [7] - The city has seen a significant increase in natural gas production, reaching 360 million cubic meters, a 71.4% year-on-year growth, and oil production of 14,000 tons, a 600% increase [7] Group 4: Industrial Layout and Future Plans - Bazhong aims to establish a "billion-level energy and chemical industry cluster," focusing on natural gas and oil chemical projects, with a total investment of approximately 13.15 billion yuan [11] - The city is targeting advanced materials and clean energy sectors, with investments planned for high-end products such as electronic-grade epoxy resin and carbon nanotubes [11] - The strategic deployment in Bazhong aligns with the anticipated growth of the deep earth economy, which is projected to exceed 5 trillion yuan during the 14th Five-Year Plan period [9] Group 5: Collaborative Efforts and Governance - The 2025 Bazhong Oil and Gas Development Conference highlighted the collaboration between state-owned enterprises and local government, forming a comprehensive support system for resource exploration and development [12][15] - A series of agreements were signed during the conference, showcasing the government's commitment to rapid project initiation and efficient service delivery [13][15] - Bazhong is positioning itself as a replicable model for the deep earth economy, integrating government organization, enterprise collaboration, and research support to achieve resource exploration breakthroughs [16]