The resumption rate in the oil and petrochemical industries exceeds 95%, as energy companies strive to ensure a stable and secure energy supply.

These past few days, while diligently managing COVID-19 prevention and control, central enterprises have seen multiple key engineering projects begin construction one after another. As of now, the resumption rate in the oil and petrochemical industry has exceeded 95%. In Chongqing, to ensure a balanced production, supply, storage, and sales system for domestic natural gas, the city’s largest underground gas storage facility—Xiangguosi Gas Storage—has kicked off emergency gas injection more than a month ahead of schedule, injecting 8 million cubic meters of gas daily to enhance peak-shaving capacity. To further strengthen natural gas reserves and supply capabilities, China National Petroleum Corporation (CNPC) plans to build several new gas storage complexes in the Sichuan-Chongqing region. Zhao Houchuan, spokesperson for CNPC Southwest Oil & Gas Field Company, stated: "We will invest 10 billion yuan to construct the first-ever gas storage facilities within Sichuan Province."

Release date:

2020-03-02

　　These past few days, while diligently managing epidemic prevention and control, several key projects under central enterprises have successively kicked off construction. As of now, the resumption rate in the oil and petrochemical industries has exceeded 95%.

　　In Chongqing, to ensure a balanced production, supply, storage, and sales of domestic natural gas, the Xiangguosi Underground Gas Storage Facility—the country's largest underground storage facility with the highest daily peak-shaving capacity—has initiated emergency gas injection more than a month ahead of schedule, injecting 8 million cubic meters of gas per day. To enhance its natural gas reserves and supply capabilities, China National Petroleum Corporation plans to build several new gas storage complexes in the Sichuan-Chongqing region.

　　Zhao Houchuan, spokesperson for China National Petroleum Southwest Oil & Gas Field Company, stated: "We will invest 10 billion yuan to build the region's first underground gas storage facility cluster in Sichuan Province, with a designed storage capacity of up to 5.9 billion cubic meters. Once completed, the facilities will have a daily gas supply capacity of 39 million cubic meters—enough to meet the daily gas needs of 26 million three-person households. The project is scheduled for full completion by 2030."

　　During the pandemic, more than 30,000 employees of CNOOC remained steadfast on the front lines of offshore production, ensuring normal operations at over 120 producing oil and gas fields across China, while all 14 upstream capacity expansion projects were fully launched.

　　China's second-largest crude oil production base, the Bohai Zhong-34-9 oilfield in the southern Bohai Sea, recently began formal operations. The Bohai Zhong-34-9 oilfield has an average water depth of 18 meters and an oil-bearing area of 19 square kilometers. Currently, proven geological reserves of crude oil exceed 40 million tons.

　　To ease the shortage of core raw materials for masks, Sinopec announced an investment of 200 million yuan to accelerate the construction of 10 meltblown fabric production lines, aiming to achieve partial operations by March 8. Once all 10 lines are fully operational, daily output will be sufficient to produce 18 million medical-grade flat-face masks. In addition, Sinopec also reported a significant breakthrough in shale gas exploration outside the Sichuan Basin: the pilot well Zhenye 1HF, located in Hekou Town, Daozhen County, Zunyi City, Guizhou Province, successfully tested a daily flow rate of 50,300 cubic meters of shale gas. This marks a major milestone in unlocking previously untapped shale gas resources in the region. Preliminary assessments indicate that the area holds proven reserves totaling 191.4 billion cubic meters of shale gas.

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