Xin Hua Cai Jing·2025-12-22 02:59Core Insights - China Petroleum's Bayan Oilfield has achieved a cumulative crude oil production of over 5 million tons, marking a significant advancement in deep-layer continental clastic rock reservoir exploration and development in China [1] Group 1: Production Milestones - The Bayan Oilfield's average reservoir depth exceeds 5,000 meters, presenting challenges in oil and gas discovery [1] - Since the first high-yield industrial oil well was obtained in 2018, the oilfield's development has accelerated, achieving the first 1 million tons of crude oil production in 49 months, with subsequent milestones of 1 million tons reached in 13 months, 10 months, 9 months, and 8 months respectively, indicating a leap in growth [1] Group 2: Technological Innovations - China Petroleum North China Oilfield has focused on key core technology breakthroughs, innovating the late-stage rapid subsidence basin oil accumulation theory, successfully implementing two billion-ton level quality reserves [1] - The oilfield adopts the concept of "integrated oilfield direct gas injection gravity drive" and actively explores ultra-deep high-pressure mixed-phase drive and CCUS (Carbon Capture, Utilization, and Storage) pilot tests, showcasing new technological breakthroughs leading to efficient development of deep oil and gas resources [1]