国家知识产权局信息显示，中国石油天然气股份有限公司申请一项名为"一种基于渗流空间变换的砾岩 油藏等效渗透率计算方法"的专利，公开号CN 121052154 A，申请日期为2024年5月。 本文源自：市场资讯 作者：情报员 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 专利摘要显示，本发明提供了一种基于渗流空间变换的砾岩油藏等效渗透率计算方法，涉及石油开采技 术领域，通过五步流程实施：构建考虑砾石形态与排列的等效渗透率模型，明确裂缝特征；根据粒度组 成量化参数，计算不同模态下的有效孔隙度；确定基质与裂缝单元的渗透率，并推算裂缝开度；应用渗 流空间变换，采用Laplace方程简化处理各向异性渗流问题；开发验证软件，确保模型的有效性并通过 与物理模拟对比进行误差分析。细化了砾石颗粒形态分类与对应的裂缝参数设定，引入了双模态与复模 态孔隙结构下的有效孔隙度计算公式，并通过数学模型精确计算各组分渗透率。对指导非常规油气资源 的有效开发、提高采收率及优化气驱开采策略具有重要价值。 天眼查资料显示，中国石油天然气股份有限公司，成立于1999年，位于北京市，是一家以从事石油和天 ...

Industry Insights - The national electricity market transaction volume increased by 7.2% year-on-year in the first nine months, reaching 49,239 billion kWh, accounting for 63.4% of total electricity consumption, an increase of 1.4 percentage points year-on-year [2] - State-owned enterprises reported total operating revenue exceeding 61 trillion yuan in the first nine months, with a slight increase of 0.9% year-on-year, while total profits decreased by 1.6% to 316.7 billion yuan [3] - The first national-level continental shale oil demonstration zone in China, located in Xinjiang, achieved an annual production of over 1.5 million tons, marking a significant milestone in shale oil development [4] - The national marine production value reached 10.5 trillion yuan, reflecting continuous breakthroughs in marine economic development [4] Corporate Performance - China General Nuclear Power Corporation reported a net profit of 8.576 billion yuan for the first three quarters of 2025, with operating revenue declining by 4.09% year-on-year [8] - Shaanxi Energy disclosed a net profit of 2.417 billion yuan for the first three quarters of 2025, with a year-on-year revenue decrease of 2.83% [8] International Developments - Ukraine requires financing to import an additional 4 billion cubic meters of natural gas for the winter heating season [6] - Saudi Aramco's CEO indicated that global energy demand is being driven primarily by countries in the Global South, with expectations of an increase in daily oil demand by 1.1 to 1.4 million barrels by 2026 [6] - Tesla's new car registrations in Europe fell by 10.5% in September, with a year-to-date decline of 28.5%, attributed to consumer dissatisfaction with CEO Elon Musk [7]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) has successfully tested a high-yield shale oil and gas flow from the Qilu Yeyou 1 well in the Qijiang District of Chongqing, achieving a daily oil production of 38.64 cubic meters and natural gas production of 10,000 cubic meters, indicating a significant resource discovery in the Sichuan Basin [1] Group 1: Resource Discovery - The successful testing of the Qilu Yeyou 1 well has led to the discovery of a new resource area with a resource volume reaching the billion-ton level for shale oil [1] - The discovery of shale oil is crucial for China's long-term stable oil production, serving as an important alternative to conventional oil resources [1] Group 2: Strategic Developments - In 2022, Sinopec discovered a large-scale shale gas field in the Qijiang area with a geological reserve of 100 billion cubic meters, marking a significant advancement in shale gas exploration [2] - The company has implemented a new round of basic research on shale oil and has successfully identified new shallow and medium-depth large-scale shale oil targets in the Qijiang New District [1][2] Group 3: Ongoing Exploration Efforts - Sinopec is intensifying its exploration and development of shale oil, having confirmed new oil fields in the Xinxing, Qintong, and Fuxing shale formations [2] - The Xinxing oil field in the Bohai Bay Basin has reported proven geological reserves of over 140 million tons, while the Qintong oil field in the Jiangsu Province has confirmed reserves of 40.02 million tons [2] - The Fuxing oil field in the southeastern Sichuan Basin has reported proven geological reserves of 20.10 million tons of oil and 12.352 billion cubic meters of natural gas [2]

Core Insights - China Petroleum & Chemical Corporation (Sinopec) has discovered a new shale oil reserve in the Sichuan Basin, with a resource volume reaching over 100 million tons, which is significant for the exploration and development of shale oil in Southwest China [1][2] Group 1: Exploration Achievements - The risk exploration well, Qilu 1, located in the Qijiang District of Chongqing, achieved a daily oil production of 38.64 cubic meters and natural gas production of 10,000 cubic meters, indicating high-yield shale oil and gas flow [1] - Sinopec has confirmed new oil fields in the Xinxing, Qintong, and Fuxing shale formations, with proven geological reserves of over 140 million tons in the Xinxing oil field, 40.02 million tons in the Qintong oil field, and 20.10 million tons of oil and 12.35 billion cubic meters of natural gas in the Fuxing oil field [2] Group 2: Strategic Importance - The discovery of the new shale oil reserve complements the previously discovered Qijiang shale gas field, creating a "gas below, oil above" resource structure, which enhances the strategic resource development in the Sichuan Basin [1] - The annual shale oil production of Sinopec is projected to reach 70.5 thousand tons in 2024, an increase of 30.8 thousand tons compared to the previous year, reflecting the company's commitment to expanding its shale oil exploration and development efforts [2]

Core Insights - The marine segment of the company has seen a significant increase in orders, with a revenue of 617 million yuan in H1 2025, representing a 35% year-on-year growth and accounting for 23.7% of total revenue. New effective orders in this segment increased by 63% year-on-year [1] - The fracturing business has experienced a notable increase in gross profit, with revenue reaching 433 million yuan in H1 2025, a 41.1% year-on-year increase, driven by the rapid development of unconventional oil and gas resources [2] - The company has actively adjusted its business structure to focus on core segments, resulting in a decrease in overall revenue but an improvement in profitability metrics, including a reduction in financing costs and sales expenses [2] Marine Segment - The marine segment includes offshore wind power, marine oil and gas equipment, and marine engineering equipment, with a production base located in Jiangsu Province [1] - The revenue from marine oil and gas equipment and marine engineering equipment manufacturing reached 263 million yuan in H1 2025, a substantial increase of 1171.4% year-on-year [1] Fracturing Business - The fracturing segment's gross profit increased by 96.2% in H1 2025, with sales of fracturing equipment and services generating 328 million yuan, a significant rise of 64.7% year-on-year [2] - The company has expanded its customer base by signing a framework contract for coalbed methane fracturing services, further solidifying its market position in the Shanxi coalbed methane sector [2] Strategic Adjustments - The company has streamlined low-margin businesses, focusing on enhancing overall profitability, which has led to a reduction in financing costs by 0.89 percentage points to 2.5% and a 27.5% decrease in interest expenses [2] - The company forecasts net profits of 125 million yuan, 267 million yuan, and 393 million yuan for the years 2025 to 2027, respectively, and has set a target price of 0.29 HKD based on a 9x PE ratio for 2026 [2]