Core Viewpoint - The Xinjiang Uygur Autonomous Region Geological Bureau announced significant progress in the oil and gas exploration project in the Dabancheng area of Urumqi, with an initial assessment of natural gas geological resources exceeding 200 billion cubic meters, indicating the potential for a large oil and gas field [1] Group 1 - The oil and gas exploration project in Dabancheng includes seven blocks, including the Yongfeng South and North blocks [1] - In recent years, Xinjiang has accelerated oil and gas exploration in the Dabancheng area, deploying a total of 15 exploratory wells, of which 11 have been successfully drilled [1]

Core Insights - The exploration project in the Daban City area of Urumqi has made significant progress, with preliminary assessments indicating natural gas geological resources exceeding 200 billion cubic meters, suggesting the potential for a large oil and gas field [1] Group 1: Exploration Progress - Xinjiang has accelerated oil and gas exploration in the Daban City region, deploying 15 exploratory wells across seven blocks, with 11 wells already drilled [1] - The Chaiwobao North Margin block has announced a public offering, and the Daban City area is expected to introduce 3 to 4 additional blocks for bidding [1] Group 2: Resource Impact - The estimated natural gas geological resources of 200 billion cubic meters, if developed, could effectively alleviate gas supply pressure in Urumqi and surrounding areas for at least 20 years [1]