Core Viewpoint - CNOOC announced that the Bohai Oilfield will achieve a cumulative oil and gas equivalent production of over 40 million tons by 2025, setting a historical record [1]. Group 1: Bohai Oilfield Overview - The Bohai Oilfield, located in the Bohai Sea, was established in 1965 and consists of eight production areas: Liaodong, Liaobei, Bonan, Bozhong, Boxi, Pengbo, Qinhuangdao, and Caofeidian [3]. - The oilfield has over 200 operational oil and gas production facilities, including five shore power stations and substations, seven land terminals, more than 60 operational oil fields, over 2,900 kilometers of underwater pipelines, and over 1,500 kilometers of underwater cables [5]. Group 2: Technological Advancements - The Bohai Oilfield has made significant breakthroughs in oil and gas exploration and development technologies, transitioning from shallow conventional reservoirs to complex fields such as mid-deep layers and unconventional heavy oil [7]. - Since the implementation of the "Seven-Year Action Plan" for oil and gas reserve increase and production in 2019, the Bohai Oilfield has introduced innovative exploration theories and discovered several billion-ton oil and gas fields [11]. Group 3: Engineering and Equipment Development - The development of marine oil and gas resources has accelerated due to advancements in high-end equipment and the integration of information technology and artificial intelligence [12]. - During the 14th Five-Year Plan period, the manufacturing of marine oil and gas equipment has more than doubled compared to the previous five years, with the total length of underwater oil and gas pipelines exceeding 10,000 kilometers [14]. Group 4: Future Projections - According to the latest data from the National Energy Administration, domestic crude oil production is expected to reach 215 million tons by 2025, with marine crude oil production anticipated to exceed 68 million tons, contributing approximately 80% of the total increase in national crude oil production [22].
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