ZPEC(SH:603619)2024-07-15 09:37Group 1: Company Overview - Zhongman Petroleum is a private comprehensive oil and gas company aiming to become a multinational energy corporation, actively engaging in oil and gas exploration, development, and related services [2] - Since winning the bid in 2018, Zhongman Petroleum has significantly invested in the Wensu project, achieving a production capacity of 700,000 tons of crude oil annually [3] Group 2: Exploration and Production Achievements - The company has discovered 4 oil and gas fields, demonstrating a rapid development pace characterized by "one year breakthrough, two years proven, three years production" [3] - Currently, the Wensu project has over 400 wells, with ongoing increases in both well count and production [3] Group 3: Future Plans and Strategies - The company plans to enhance production in three major oil fields: accelerating the integrated implementation of the Keke Ya oil field, improving well network deployment, and increasing production capacity [3] - Aiming for breakthroughs in reserves and production over the next three years, the company is focusing on effective reserve management and detailed reservoir engineering studies [3] Group 4: Infrastructure and Processing Capacity - The Wensu North Joint Station has a monthly processing capacity of approximately 40,000 tons, which will enhance the processing capabilities of crude oil, natural gas, and produced water [3] - Future plans include expanding processing capabilities based on exploration and development outcomes in various oil field blocks [3] Group 5: International Ventures - In May 2024, the company successfully bid for the development rights of the EBN and MF blocks in Iraq, covering areas of 231 square kilometers and 1,073 square kilometers respectively [5] - The company is currently in the preparatory negotiation phase for these projects, with no formal contracts signed yet [5] Group 6: Technological Advancements - The company is developing a second-generation intelligent offline drilling rig and optimizing processes to meet complex drilling needs [5] - Collaboration with AI research institutions is underway to enhance drilling technology [5]