"'枝蔓状+稠油热采'的储层类型和开发方式组合在国内外均属罕见。"中国海油天津分公司渤海石油研 究院油藏总师蔡晖表示，公司通过科研攻关，探索形成一套复杂稠油油藏开发技术体系，能够清晰描绘 出地下油藏的形态和分布，实现高温蒸汽精确注入地层驱动原油采出，为该油田的高效开发提供技术支 撑。 中国海油副总经理阎洪涛表示，垦利10-2油田群开发项目（一期）的成功投产，标志着我国海上复杂稠 油油藏开发迈入新阶段，将有力推动中国海油渤海油田年内实现4000万吨总产量目标。 油田群开发项目（一期）顺利投产。中国海油供图 垦利10-2油田分为一期、二期两个开发项目。此次投产的一期开发项目主要生产设施包括新建1座中心 处理平台和2座无人井口平台，计划投产开发井79口，预计高峰日产油气当量约3000吨。 作为我国海上首次开发的枝蔓状稠油油藏，垦利10-2油田的储量分布具有"散、窄、薄、杂"的特点，油 气储存在窄长弯曲的砂体中，不同砂体相互交织，如同树枝在地面上的影子，呈现"枝蔓状"，开采难度 大。 转自：北京日报客户端 7月22日，记者从中国海油获悉，位于我国渤海的亿吨级油田——垦利10-2油田群开发项目（一期）顺 利投产，标志着 ...

作为我国海上首次开发的枝蔓状稠油油藏，垦利10-2油田的储量分布具有"散、窄、薄、杂"的特 点，开采难度大。 "'枝蔓状+稠油热采'的储层类型和开发方式组合在国内外均属罕见，我们探索形成了一套复杂稠油 油藏开发技术体系，能够清晰描绘出地下油藏的形态和分布，实现高温蒸汽精确注入地层驱动原油 采出，为垦利10-2油田的高效开发提供了技术支撑。"中国海油天津分公司渤海石油研究院油藏总 师蔡晖说。 面对储量分布零散、原油粘度跨度大等难题，项目采用"常规注水+蒸汽吞吐+蒸汽驱"的联合开发方 式。中心处理平台配套设计常规冷采和稠油热采两套生产系统，集多功能于一体，搭载关键设备 240余套，是目前渤海区域工艺流程最复杂的生产平台之一，也是渤海南部海域首座规模化稠油热 采平台。 中国海油22日宣布，位于我国渤海的亿吨级油田——垦利10-2油田群开发项目（一期）顺利投 产，标志着我国海上最大规模浅层岩性油田正式进入生产阶段。 垦利10-2油田位于渤海南部海域，区域平均水深约20米，探明地质储量超过1亿吨，是渤海湾盆地 凹陷带浅层发现的首个亿吨级岩性油田。据了解，该油田分为一期、二期两个开发项目，此次投产 的一期开发项目计划投产 ...

天眼查资料显示，中国石油天然气集团有限公司，成立于1990年，位于北京市，是一家以从事石油和天 然气开采业为主的企业。企业注册资本48690000万人民币。通过天眼查大数据分析，中国石油天然气集 团有限公司共对外投资了113家企业，参与招投标项目5000次，财产线索方面有商标信息1446条，专利 信息5000条，此外企业还拥有行政许可28个。 中国石油集团工程技术研究院有限公司，成立于2006年，位于北京市，是一家以从事研究和试验发展为 主的企业。企业注册资本45115.875182万人民币。通过天眼查大数据分析，中国石油集团工程技术研究 院有限公司共对外投资了3家企业，参与招投标项目447次，财产线索方面有商标信息24条，专利信息 2049条，此外企业还拥有行政许可8个。 金融界2025年7月19日消息，国家知识产权局信息显示，中国石油天然气集团有限公司;中国石油集团工 程技术研究院有限公司申请一项名为"支撑剂运移可视化模拟系统"的专利，公开号CN120331742A，申 请日期为2024年01月。 专利摘要显示，本发明属于油气藏开采技术领域，公开了一种支撑剂运移可视化模拟系统，包括裂缝模 拟组件、加压组件 ...

Group 1 - China National Petroleum Corporation (CNPC) has obtained a patent for a "downhole logging device," which enhances the success rate of deploying flexible bands in seismic exploration [1] - The patent was granted on July 18, 2025, with an application date of September 2024, indicating ongoing innovation in the field [1] - The downhole logging device includes components such as a base, steel wire rope, first and second drums, a fixed pulley, and a guide body, designed to minimize the risk of breakage and friction during deployment [1] Group 2 - CNPC, established in 1990, is primarily engaged in oil and gas extraction, with a registered capital of 48.69 billion RMB [2] - The company has made investments in 113 enterprises and participated in 5,000 bidding projects, showcasing its extensive operational footprint [2] - China National Petroleum Corporation (CNPC) holds 1,446 trademark records and 5,000 patent records, along with 28 administrative licenses [2] Group 3 - China National Petroleum Group Eastern Geophysical Exploration Co., Ltd., founded in 2000, focuses on professional technical services with a registered capital of approximately 1.53 billion RMB [2] - This subsidiary has invested in 31 enterprises and engaged in 2,015 bidding projects, indicating its active role in the industry [2] - The company possesses 100 trademark records, 3,274 patent records, and 241 administrative licenses, reflecting its commitment to innovation and compliance [2]

Core Viewpoint - The recent "anti-involution" policy in China is not equivalent to "capacity reduction" but aims to correct market failures and establish fair competition, thereby stimulating innovation and promoting high-quality economic development [1][2][3] Industry Overview - The "anti-involution" initiative has been initiated in industries such as photovoltaic, steel, automotive, and cement, with a focus on enhancing product quality and orderly exit of outdated capacity [1][2] - The current supply-demand imbalance is primarily due to insufficient demand rather than significant capacity expansion in most industries [2][3] Policy Implications - The CF40 research suggests that the focus should remain on expanding effective domestic demand rather than solely on capacity reduction [1][3] - Future policy directions should shift from subsidizing industries to subsidizing consumption [1][2] Industry Performance Analysis - The analysis indicates that the "new three types" of industries, including electric machinery, automotive manufacturing, and computer communications, have significantly higher revenue shares compared to previous capacity reduction industries [8][9] - In 2023, the capital expenditure growth rate for the "new three types" industries was 21.0%, contributing 2.78 percentage points to the overall manufacturing capital expenditure growth rate [8][9] Potential Capacity Reduction Industries - Based on the decision tree model, seven industries are identified as potentially facing capacity reduction, including coal mining, petroleum and coal processing, and automotive manufacturing [4][5] - The cumulative PPI change, contribution to PPI growth, and ROA are critical dimensions for assessing potential capacity reduction [4][5] Demand and Supply Dynamics - The automotive industry faces a core issue of unmet potential demand rather than absolute capacity overcapacity, with potential annual sales estimated at 43.26 million vehicles by 2030 [18][19] - The actual depreciation scale of vehicles has been significantly lower than potential levels, indicating suppressed demand [18][19] Conclusion on New Industries - The "new three types" industries are characterized by high capital and technology intensity, and their capacity should be analyzed on a case-by-case basis rather than assuming a general overcapacity [9][19]

Core Viewpoint - In June, the industrial added value of large-scale enterprises increased by 6.8% year-on-year, indicating a robust growth trend in the industrial sector [1] Group 1: Industrial Growth - In June, the industrial added value increased by 0.50% month-on-month, while the growth for the first half of the year was 6.4% year-on-year [1] - By sector, mining increased by 6.1%, manufacturing by 7.4%, and electricity, heat, gas, and water production and supply by 1.8% in June [1] - State-owned enterprises saw a 5.7% increase, joint-stock enterprises 7.1%, foreign and Hong Kong, Macao, and Taiwan-invested enterprises 5.5%, and private enterprises 6.2% in June [1] Group 2: Industry Performance - Out of 41 major industries, 36 reported year-on-year growth in added value in June [2] - Notable growth sectors included coal mining and washing (6.5%), agricultural and sideline food processing (8.2%), and automotive manufacturing (11.4%) [2] - The electronics manufacturing sector also performed well, with computer, communication, and other electronic equipment manufacturing growing by 11.0% [2] Group 3: Product Output - In June, 379 out of 623 major industrial products saw year-on-year output growth [3] - Steel production reached 12.784 million tons (up 1.8%), while cement production fell by 5.3% to 15.547 million tons [3] - Notably, new energy vehicle production increased by 18.8% to 1.234 million units, contributing to an overall automotive production increase of 8.8% [3] - The industrial enterprises' product sales rate was 94.3%, a decrease of 0.3 percentage points year-on-year, with export delivery value reaching 1.3676 trillion yuan, a nominal increase of 4.0% [3]

Group 1 - The overall consumer price index (CPI) has remained stable, with a year-on-year decrease of 0.1% in the first half of the year, consistent with the first quarter [2] - The core CPI, excluding food and energy prices, has gradually rebounded, increasing by 0.4% year-on-year in the first half, an increase of 0.1 percentage points compared to the first quarter [2][3] - Food prices have seen a reduced decline, with a year-on-year decrease of 0.9% in the first half, narrowing by 0.6 percentage points compared to the first quarter [2] - Energy prices have experienced a larger decline, with a year-on-year decrease of 3.2% in the first half, widening by 2.1 percentage points compared to the first quarter [2] Group 2 - The Producer Price Index (PPI) has decreased by 2.8% year-on-year in the first half, with the decline expanding to 3.6% by June due to various factors including international trade uncertainties [4] - The prices in the oil and gas extraction industry have seen a monthly year-on-year decline ranging from 1.3% to 17.3%, averaging a decrease of 9.6% in the first half [4] - Conversely, the prices in the non-ferrous metal smelting and rolling industry have increased for six consecutive months, with a year-on-year average increase of 6.2% in the first half [4] Group 3 - Macro policies have been effective in stabilizing prices in certain industries, with the price of new energy vehicle manufacturing decreasing by 1.6% year-on-year, a reduction that has narrowed by 0.6 percentage points compared to the first quarter [5] - The demand for optional consumption has accelerated, leading to significant price increases in specific sectors, such as a 12.3% increase in the manufacturing of arts and crafts and ceremonial goods [5] - High-tech manufacturing prices have also risen, with integrated circuit packaging and testing prices increasing by 4.1% year-on-year [5]

Group 1 - The State Intellectual Property Office of China has reported that Sinopec Limited and its subsidiaries have applied for a patent titled "A Carbon Solid Ceramic Proppant and Its Preparation Method and Application," with publication number CN120310550A, and the application date is January 2024 [1] - The patent describes a carbon solid ceramic proppant with a core-shell structure, where the core is made from waste FCC catalyst, silica, high iron materials, fluxing agents, and a first binder, while the shell consists of calcium compounds and a second binder, and a biodegradable membrane wraps the structure [1] Group 2 - Sinopec Limited, established in 2000 and based in Beijing, primarily engages in oil and gas extraction, with a registered capital of 12,173,968.9893 million RMB, and has invested in 263 companies and participated in 5,000 bidding projects [1] - Sinopec Petroleum Engineering Technical Service Co., Ltd., founded in 1994 and located in Beijing, focuses on civil engineering construction, with a registered capital of 1,898,434.0033 million RMB, having invested in 14 companies and participated in 136 bidding projects [2] - Sinopec Petroleum Engineering Design Co., Ltd., established in 2003 in Dongying, specializes in professional technical services, with a registered capital of 31,800 million RMB, having invested in 3 companies and participated in 4,426 bidding projects [2] - Sinopec Petroleum and Chemical Research Institute Co., Ltd., founded in 2022 in Beijing, is dedicated to research and experimental development, with a registered capital of 30,000 million RMB, having invested in 2 companies and participated in 1,458 bidding projects [2]

Group 1 - China Petroleum & Chemical Corporation (Sinopec) has applied for a patent related to a method and device for determining the average diameter of bubbles in epoxy resin wastewater [1] - The patent application was published under CN120293065A with an application date of January 2024 [1] - The method involves calculating various parameters such as Froude number, Morton number, Reynolds number, and Weber number to determine the average diameter of bubble clusters in the reactor [1] Group 2 - Sinopec was established in 2000 and is primarily engaged in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [2] - The company has invested in 263 enterprises and participated in 5,000 bidding projects, holding 45 trademark records and 5,000 patent records [2] - Nanjing Anlig Company, founded in 2018, focuses on research and experimental development, with a registered capital of 9.115 million RMB [2] - Nanjing Anlig has invested in 6 enterprises and participated in 9 bidding projects, holding 89 trademark records and 585 patent records [2]

Group 1 - The core point of the article is that Sinopec has applied for a patent for a molecular sieve catalyst aimed at improving the stability and activity of catalysts used in hydrocarbon reactions, specifically for the de-olefination of aromatics [1] - The patent application was filed by Sinopec Shanghai Petrochemical Research Institute and is titled "A Molecular Sieve Catalyst and Its Preparation Method and Application," with publication number CN120286060A and an application date of January 2024 [1] - The catalyst includes Y molecular sieve and transition metal sulfate oxides, addressing issues such as catalyst coking deactivation and poor stability in existing technologies [1] Group 2 - Sinopec, established in 2000 and headquartered in Beijing, primarily engages in oil and gas extraction, with a registered capital of approximately 12.17 billion RMB [1] - The company has invested in 263 enterprises, participated in 5,000 bidding projects, and holds 5000 patent records along with 45 trademark records [1] - Sinopec Shanghai Petrochemical Research Institute, founded in 2022 in Shanghai, focuses on technology promotion and application services, with a registered capital of 498 million RMB [2] - The research institute has invested in 2 enterprises, participated in 383 bidding projects, and holds 708 patent records [2]