Business overview of American Marathon Oil Company

The Oilfield Exploration and Development Division is mainly responsible for oil and gas exploration and development production management, reserves and exploration and development assets management and oil and gas sales of China Petrochemical. Subordinate companies include Shengli Oilfield Company, Zhongyuan Oilfield Company, Henan Oilfield Company, Jiangsu Oilfield Company, Jianghan Oilfield Company, Northwest Oilfield Company, Southwest Oil and Gas Company, North China Company, Northeast Company, East China Company and Shanghai Offshore Oil and Gas Company. Most of these oil and gas blocks are located in the east, west and south of China, and their oil and gas exploration and development areas span 26 provinces in China, with 364 exploration rights and 208 mining rights, covering an area of 6,543,800 square kilometers.

In 2007, the company made many achievements in oil and gas exploration and development. Among them, in the exploration, the main object is zoning exploration, and the main exploration purpose is to find high-quality reserves. Careful deployment, optimized design, full use of new technologies, new methods and new theories, and continuous increase in exploration efforts have achieved good results in oil and gas exploration. Three breakthroughs were made in the exploration of new areas such as natural gas in northeast Sichuan, Tahe oil and Dongpu sag, and three major expansions were made in the exploration of old areas such as the east, deep in western Sichuan and deep in Songnan. The recoverable reserves of oil and gas increased by 647 million barrels of oil equivalent in the whole year. Among them, the recoverable reserves of crude oil increased by 2 1 10,000 barrels, and the recoverable reserves of natural gas increased by 3,756.7 billion cubic feet. On development

Through careful development, relying on scientific and technological innovation and technical support, we have organized and implemented key tasks such as stabilizing the east and increasing production, and transporting gas from the west to the east. The development level of oil and gas fields has been further improved, and the oil and gas output has reached the best level in history. * * The annual production of crude oil is 29 1.67 million barrels, and natural gas is 282.6 billion cubic feet, with a natural decline of 16.2% and a comprehensive decline of 7.4. In terms of oilfield exploration and development and oil recovery technology, our company is in a leading position in China, mainly including three-dimensional seismic exploration technology, high-quality rapid drilling technology, complex structural well drilling technology and tertiary oil recovery technology. The company also has a team of technical experts with rich experience in exploration and development. China Petrochemical is the largest oil refining enterprise in China and the largest producer of petroleum products in China, and its oil refining capacity ranks third in the world. At present, it has 30 subsidiaries, mainly distributed in the southeast coast, the middle and lower reaches of the Yangtze River, North China and other areas with the most active and developed economy in China, with superior geographical location, convenient transportation and strong market demand. The main products are gasoline, kerosene, diesel oil, lubricating oil, chemical light oil, fuel oil, solvent oil, paraffin, asphalt, petroleum coke, liquefied gas, propylene, refined benzene and so on.

Equipment composition

The company's oil refining facilities mainly include atmospheric and vacuum distillation, catalytic cracking, hydrocracking, delayed coking, catalytic reforming, aromatics separation, hydrofining, alkylation, gas fractionation, asphalt, hydrogen production, desulfurization and sulfur production. Some refineries also have solvent deasphalting, solvent dewaxing, paraffin molding, solvent refining, lubricating oil hydrofining and clay refining devices.

handling ability

By the end of 2007, the comprehensive processing capacity of China Petrochemical reached 65438+680 million tons, up by 4.9% year-on-year. The production capacity of major production facilities such as catalytic cracking (including catalytic cracking), delayed coking, catalytic reforming, hydrocracking and gasoline and diesel hydrofining all increased to varying degrees year-on-year.

. China Petrochemical Company has also made great progress in processing high-sulfur crude oil by increasing technical input, improving processing capacity and creating more economic benefits. Since 2000, the processing capacity of high-sulfur crude oil has increased by 38.57 million tons, with a year-on-year increase of 22.92% in 2007. In addition, the company adheres to the support of technological progress and constantly improves the comprehensive supporting capacity of oil refining enterprises. Luoyang delayed coking is 6.5438+400,000 tons/year, catalytic raw material pretreatment is 2.2 million tons/year, Wuhan delayed coking is 6.5438+200,000 tons/year, coal-diesel hydrogenation is 6.5438+900,000 tons/year, Qilu delayed coking is 6.5438+400,000 tons/year, Anqing wax oil hydrotreating is 2.2 million tons/year, and Shanghai Petrochemical Company is a company. Including:

Zhenhai Refining & Chemical Company: With an annual refining capacity of 20 million tons and a 250,000-ton wharf, it is the company's main high-sulfur and high-acid crude oil processing enterprise;

Maoming Branch: The annual refining capacity is 6.5438+0.35 million tons, and the dedicated single-point mooring system of the refinery can berth 250,000-ton oil tankers. Is the company's main high-sulfur and high-acid crude oil processing enterprises.

Jinling Branch: The annual processing capacity is130,000 tons, and 77% of the crude oil has been transported through pipelines, making it one of the key enterprises for processing high-sulfur and high-acid crude oil.

Qilu Branch: The annual processing capacity is 6.5438+0.05 million tons. The factory is close to Shengli Oilfield and Qingdao Port, and it is one of the important high-sulfur and high-acid crude oil processing enterprises of the company.

Gao Qiao Branch: with an annual processing capacity of 1 1 10,000 tons, it is a fuel-lubricant-chemical raw material refinery for producing lubricating oil and paraffin products;

Guangzhou Branch: with an annual processing capacity of13.2 million tons, located in the center of the Pearl River Delta, with convenient land and water transportation, it is one of the important enterprises for processing imported crude oil;

Shanghai Petrochemical Company: The annual processing capacity is140,000 tons, and it has independent shipping terminals, inland shipping terminals, railways, highways and other facilities.

Yanshan branch: with an annual processing capacity of130,000 tons, it is a fuel-lubricating oil-chemical raw material refinery for producing lubricating oil and paraffin products.

Refining technology

Our company has developed by relying on its own technical advantages and has a strong team with rich experience in oil refining production, scientific research, design and engineering construction. It has a set of major refining technologies such as heavy oil catalytic cracking, catalytic reforming, high-pressure hydrocracking, medium-pressure hydrocracking, hydrofining, residue hydrodesulfurization, lubricating oil hydroupgrading, and the corresponding catalyst development and industrial production capacity. Refining production technology is at the leading level in China, and some technologies have reached the international advanced level.

production and operation

According to the increasing spread of different international oil products, the company strives to reduce the cost of crude oil by optimizing the varieties of crude oil procurement and transportation methods, improving the processing of high-sulfur heavy crude oil; By improving the operation level of the plant, optimizing the production scheme and maximizing the production capacity, the crude oil processing capacity, refined oil and chemical light oil output all reached record highs. In the whole year, crude oil was processed155.58 million tons, up by 6.3% year-on-year; Actively adjust the product structure, increase the output of high value-added products, and meet market demand; Strengthen market analysis and marketing management to further improve the profitability of refined oil products; Strengthen the technical transformation of oil refining unit to improve product quality; Relying on strengthening management and scientific and technological progress, the main technical and economic indicators of refining continued to improve, and the comprehensive commodity rate increased by 0.48 percentage points year-on-year.

oil products

China Petrochemical Company is the largest producer and supplier of petroleum products in China. Its main products include gasoline, kerosene, diesel oil, lubricating oil, chemical light oil, fuel oil, solvent oil, paraffin, asphalt, petroleum coke, sulfur, liquefied gas, propylene, polypropylene and benzene. In 2007, the company * * * produced 93.09 million tons of refined oil, up 6.7% year-on-year; It produces 23.47 million tons of chemical light oil, 6.5438+0.25 million tons of lubricating oil, 7.05 million tons of liquefied gas, 460,000 tons of paraffin, 2.53 million tons of asphalt, 8.42 million tons of petroleum coke, 5.94 million tons of commercial heavy oil and 590,000 tons of solvent oil.

Gasoline is divided into automobile gasoline, automobile ethanol gasoline, local standard gasoline in Beijing and Guangzhou, and export gasoline. The brands are No.90, No.93, No.95, No.97 and No.98. While meeting the domestic market demand, some products are exported to Southeast Asia and other countries and regions, which are mainly used as special fuels for gasoline engines.

Diesel oil is divided into light diesel oil, urban vehicle diesel oil, local standard diesel oil in Beijing and Guangzhou, military diesel oil and export diesel oil. The brands are 10, 5,0,-10, -20 and -35. Products are used in urban diesel vehicles, agricultural vehicles, railway transportation, waterway transportation, fisheries, electricity, agricultural machinery and other fields.

3# jet fuel oil should meet the technical requirements of the national 3# jet fuel standard, which refers to the United States.

China JetA- 1, JP-8, Britain's DERD2494 and the International Air Transport Association (IATA) have formulated the quality standards for kerosene aviation turbine fuel. The products not only meet the demand of domestic jet fuel market, but also are exported to Hong Kong and other regions. China Petrochemical Zhenhai Refining and Chemical Company, Maoming Company, Guangzhou Company, Gao Qiao Company, Shanghai Petrochemical Company and Hainan Refining and Chemical Company all passed the annual quality assurance inspection of Hong Kong Airport.

Lubricating oil products are divided into automobile lubricating oil, industrial lubricants, synthetic lubricating grease and metalworking oil. According to the purpose, the products are widely used in aviation, aerospace, nuclear industry, electronics, weapons, ships, automobiles, machining, metallurgy, oil refining and chemical industry, instrumentation and other fields. The synthetic grease produced by our company has reached the international first-class level, and the special grease products have been successfully applied to China's Shenzhou series spacecraft for many times, contributing to the successful launch of China's manned spacecraft Shenzhou 5 and VI, and have been recognized by China Aerospace Science and Technology Corporation as products with reliable quality and stable performance; China Petrochemical Great Wall Lubricating Oil, as the special oil designated by China Antarctic scientific research ship "Snow Dragon", has made great contributions to the successful completion of Antarctic scientific research after severe cold and hot summer. The motor vehicle oil, hydraulic oil and gear oil produced by our company have been certified by many companies or institutions at home and abroad. China Petrochemical Great Wall Lubricating Oil has been identified as the official oil for Beijing 2008 Olympic Games. At the same time, as a new car loading oil or market service oil, it has established good cooperative relations with many domestic automobile and motorcycle manufacturers.

Petroleum asphalt is divided into heavy traffic road asphalt (Grade A asphalt and Grade B asphalt in the new specifications of the Ministry of Communications), modified asphalt, road asphalt, emulsified asphalt, anticorrosive asphalt, cable asphalt, waterproof and moisture-proof asphalt, rubber asphalt, painted asphalt and insulating asphalt. In recent years, the output of petroleum asphalt and modified asphalt for heavy traffic roads of our company has greatly increased, and it has been widely used in expressways, urban roads, airport runways, racing runways, bridge pavements and so on. Following the successful application of "Donghai Brand" modified asphalt in Shanghai International Circuit F 1 in 2004, it has also been successfully applied to Donghai Bridge, Hongqiao Airport, Capital Airport Expressway and Zhengzhou Airport Expressway. marketing network

The sales network of petrochemical refined oil mainly consists of five parts. First, China Petrochemical Sales Co., Ltd., a wholly-owned subsidiary of China Petrochemical, and its four regional subsidiaries in major markets are responsible for the unified balance and transportation coordination of refined oil resources of China Petrochemical and the supply of refined oil to directly affiliated sales enterprises and special users; The second is the sales network consisting of 20 provincial petroleum branches (including Hong Kong companies) and 19 1 regional companies directly under the main market; Third, China Petrochemical Sales Co., Ltd. is in the east.

37 branches in North, Northwest, Sichuan and Chongqing; The fourth is the retail network of the Macao Special Administrative Region; Fifthly, China Petrochemical has established a sales network through joint ventures and franchising with other refined oil business departments nationwide. China petrochemical sales enterprises have perfect storage and transportation facilities for refined oil, most of which are owned by our company. The company's wholesale center is connected to the refinery by rail and waterway, and in some cases, it is also connected to the refined oil pipeline. The company also owns some special railway lines, crude oil terminals, oil barges and railway tankers. Among them, there are 428 oil depots with a storage capacity of 6.5438+0.258 million cubic meters; Self-provided vehicles for refined oil railway 1.443 vehicles, with a total transport capacity of 77,654.38+0.500 tons. There are 29,062 gas stations, including 657 franchised gas stations.

Commercial composition

The marketing business of China Petrochemical's refined oil (mainly gasoline, diesel, kerosene and jet fuel) consists of four parts: first, it supplies refined oil to thousands of households through the retail network of sales enterprises (gas stations, oil mills, rural areas and water stores), which is the main body of the company's refined oil business, accounting for 64.2% of the marketing business; Second, the refined oil is directly distributed to end users (non-gas stations), accounting for16.9% of the marketing business; The third is to sell refined oil directly to large key users, accounting for 7.9% of the marketing business; The fourth is to supply refined oil to social distributors and independent retailers through the wholesale center (oil depot) of the sales enterprise, accounting for 1 1% of the marketing business.