Core Viewpoint - The development of deep and ultra-deep oil and gas resources in China is crucial for the country's energy strategy, with significant advancements made by the company in overcoming technical challenges in deep well drilling [1][4]. Group 1: Technical Innovations - The company has developed a refined pressure control drilling technology that addresses the challenges of deep well drilling, including the establishment of a theoretical framework for complex multi-pressure systems [2][3]. - Significant breakthroughs in equipment manufacturing have been achieved, including the development of fully electric-driven drilling equipment that enhances safety and reliability during deep well drilling [2][3]. - A comprehensive safety drilling technology system has been created, improving pressure control capabilities and operational standards, thus enhancing drilling efficiency [3]. Group 2: Application and Impact - The refined pressure control drilling technology has led to both technological autonomy and industrial scalability, breaking the foreign technology monopoly and capturing 80% of the domestic market share [4]. - The technology has been successfully applied in over a thousand wells, with a notable 60% of these being ultra-deep wells over 6000 meters, demonstrating its effectiveness in challenging conditions [4]. - The application of this technology has resulted in a 90% reduction in drilling fluid loss, a 96% decrease in complex drilling time, and a 20 percentage point increase in cementing quality, yielding significant economic and social benefits [4]. Group 3: Future Leadership - The successful development and application of this technology have enhanced China's core competitiveness in deep well drilling and provided a global solution for deep oil and gas development [5][6]. - The company has received multiple national and industry innovation awards, and its technology has been recognized as reaching an internationally leading level, marking a transition from following to leading in the global market [5][6]. - This technological advancement is a testament to China's spirit of independent innovation, positioning the company to contribute to high-quality development in the oil and gas industry [6].