Qi Lu Wan Bao·2026-02-13 15:19Core Insights - The company has achieved significant milestones in resource exploration, with proven oil reserves reaching 269.6 billion tons, an increase of 83.79 billion tons compared to the previous five-year plan [1][4] - The strategic transformation during the "14th Five-Year Plan" period has led to breakthroughs in exploration methods and the discovery of new oil fields, including the establishment of a shale oil demonstration area [4][5] - The company has successfully completed its seven-year action plan ahead of schedule, achieving a drilling success rate of 67.8%, the highest in its history [1][2] Exploration Strategy - The company has shifted its exploration focus from conventional to unconventional resources, targeting deeper and broader geological formations [3][9] - New exploration strategies have been implemented, including expanding into new regions and types of resources, such as coalbed methane and geothermal energy [9] Technological Advancements - The company has developed innovative theories and technologies to enhance exploration efficiency, resulting in the activation of 1.51 billion tons of previously difficult-to-access reserves [5][7] - Significant breakthroughs in deep exploration have been achieved, with successful drilling at depths of up to 8,600 meters, leading to the discovery of high-yield oil flows [7] Future Outlook - The company aims to create an energy super basin by focusing on five key directions: stabilizing conventional resources, expanding new areas, promoting shale oil, nurturing natural gas, and expanding mining rights [9] - A comprehensive energy blueprint has been established for the "15th Five-Year Plan," emphasizing high-quality development and the prioritization of conventional resource exploration [9]