Jing Ji Ri Bao·2025-12-25 22:03Core Insights - The Shengli Jiyang shale oil field has become China's first billion-ton shale oil field to pass national review, marking a significant breakthrough in the exploration and development of shale oil in continental rift basins [1][3] - Shengli Oilfield has produced a total of 115.55 million tons of crude oil and 4.015 billion cubic meters of natural gas since the 14th Five-Year Plan, contributing to national energy security [2] - The company has established a comprehensive smart energy system, achieving a green electricity generation capacity of 740 million kilowatt-hours annually, with renewable energy usage in oil and gas production reaching 25% [1][6] Exploration and Production - Shengli Oilfield is advancing deep exploration, with new drilling activities targeting depths of up to 5,750 meters to tap into deeper oil and gas resources [2] - The company has achieved significant breakthroughs in shale oil production, with the Jiyang shale oil field estimated to have a resource volume of 10.52 billion tons, comparable to conventional oil and gas resources discovered over 60 years [3] - By 2025, Shengli Oilfield expects to produce over 700,000 tons of shale oil, positioning it as a strategic area for resource replacement [3][5] Renewable Energy Integration - Shengli Oilfield has built a multi-energy complementary system, with 572 megawatts of solar power installed and 184 renewable energy projects implemented [6][8] - The company has achieved carbon neutrality in certain operational areas, with green electricity generation reaching 8.66 million kilowatt-hours annually [6][7] - The integration of renewable energy into oil and gas production has led to significant improvements in energy supply quality and efficiency [7][10] Carbon Capture and Utilization - Shengli Oilfield has developed a leading CCUS (Carbon Capture, Utilization, and Storage) project, with over 2.3 million tons of CO2 injected and a doubling of daily oil production in demonstration areas [9][10] - The company has established a comprehensive carbon footprint accounting system across all oil and gas development units, achieving full coverage in the industry [10] - The CCUS project is seen as a key technology for achieving low-carbon transformation and enhancing the company's leadership in the industry [9][10]