Core Insights - The Southwest Oil and Gas Field Company has successfully produced 300.3 billion cubic meters of natural gas from January to August 2023, with a total of 301 new gas wells and a new production capacity of 7.7 billion cubic meters [1][5] - The cumulative natural gas production has surpassed 7000 billion cubic meters, significantly supporting the energy needs of various provinces and promoting green development in Southwest China and the nation [1][3] Exploration and Development - The Southwest Oil and Gas Field has been actively exploring and developing natural gas resources in the Sichuan Basin for over 70 years, establishing China's first natural gas industrial base [3][5] - The company has discovered multiple new production layers in the Sichuan Basin, leading to the establishment of two major gas fields with trillion-cubic-meter reserves, enhancing production in conventional gas, shale gas, and tight gas sectors [3][5] - During the 14th Five-Year Plan period, the company expects to add an average of over 3000 billion cubic meters of proven reserves annually, a 30% increase compared to the previous five years [5][7] Technological Advancements - The company has developed a comprehensive technical system with 10 major professional directions and 129 specialized technologies, filling gaps in domestic marine natural gas exploration and development technologies [7] - The early commissioning of the Salt Ting natural gas processing plant and the successful production of the Dukuhe-Qili North gas field are expected to contribute to the annual natural gas production target of 500 billion cubic meters [7] Future Projections - By the end of 2023, the annual natural gas production is projected to exceed 500 billion cubic meters for the first time, which will meet the gas needs of over 1.25 billion households and benefit numerous industrial and public service users [7]