After the establishment of the company, in accordance with the requirements of the new system and mechanism, we have vigorously developed the main business of exploration and development, fine management, all-staff innovation, people-oriented and legal operation, and achieved fruitful results in the construction of material civilization and spiritual civilization. From 2000 to 2004, the company produced 22 1 .2000 tons of crude oil and 26.99 million cubic meters of natural gas, achieving the goal of reserve replacement rate greater than1. The company has accumulated 558 scientific and technological achievements, including 59 provincial-level scientific and technological progress awards and 3/kloc-0 national patents. For five consecutive years, the tax payment ranked first in Hebei Province, making outstanding contributions to national and local economic construction. It has been rated as an advanced unit in Hebei Province, such as an enterprise that abides by contracts and keeps promises, an enterprise with excellent comprehensive strength in the industrial sector, an advanced enterprise with open factory affairs, and an advanced enterprise with ideological and political work.
Headed by Scientific Outlook on Development, Huabei Oilfield Company has made great efforts to shoulder the economic, political and social responsibilities of state-owned enterprises, and established the "555" work goal of increasing recoverable reserves by more than 5 million tons, increasing oil and gas production by more than 500,000 tons and achieving oil and gas production of 5 million tons equivalent annually. So as to promote the healthy development of oil fields and make new contributions to the construction of first-class socialist modern enterprises and multinational enterprise groups with international competitiveness by China Petroleum and Natural Gas Corporation.
Company Address: Renqiu City, Hebei Province