Group 1 - The first International Symposium on Continuous Tubing Technology was held in Wuhan, focusing on innovation and collaboration in the continuous tubing industry [1][6] - The event was organized by several prominent institutions, including China National Petroleum Corporation and various universities, with over 200 industry representatives attending [6] - Continuous tubing technology is recognized as a "universal operation technology," improving operational efficiency by 3-4 times and reducing overall costs by over 32% compared to traditional methods [8] Group 2 - Experts highlighted the importance of continuous tubing technology in enhancing energy security and its close relationship with oil exploration and production [10] - Since 2006, significant advancements have been made in continuous tubing technology in China, with an average annual growth rate of 28.8% in operational volume from 2010 to 2024, resulting in a total increase of 34 times [10] - The technology has achieved an annual operational volume exceeding 15,000 well operations, with nearly 30% average annual growth, establishing a comprehensive innovation ecosystem from research to commercialization [11] Group 3 - The symposium served as a global platform for sharing continuous tubing technology, marking a milestone in its development in China and promoting international collaboration [13] - Experts emphasized the need for global cooperation to overcome technological boundaries and expand application scenarios, supporting China's dual carbon strategy and global energy innovation [13]

Core Viewpoint - The establishment of the Continuous Pipe Engineering Professional Committee marks a new stage in the development of continuous pipe technology in China, highlighting significant advancements in the oil and gas engineering sector [1][3]. Group 1: Establishment and Purpose - The Continuous Pipe Engineering Professional Committee was officially established in Wuhan on May 28, led by the China Petroleum Group Engineering Technology Research Institute, in collaboration with major oil companies and universities [1]. - This committee is a crucial platform for building a national system for technological innovation in the new era [1]. Group 2: Technological Advancements - Continuous pipe technology has made substantial progress in China, with the country developing a series of continuous pipe operation equipment and over 60 types of operational processes and supporting tools across five major categories [1]. - China has successfully built integrated application demonstration zones and achieved a new emerging industry scale of hundreds of billions, setting a world record of 542 well operations per machine per year [1]. Group 3: Future Directions - The committee aims to enhance the high-quality development of continuous pipe technology, accelerate original innovation, and promote the integration of innovation and industrial chains [3]. - The committee will focus on strengthening compliance management, optimizing operational models, and fostering global cooperation to build an internationally recognized academic brand [3][5].