As of the end of 2011, Sinopec was the second largest domestic oil and gas producer in China. The company's oil and gas exploration and development blocks are located in the eastern, western and southern regions of China. As of December 31, 2011, it held 297 block exploration licenses with a total exploration rights area of ??966,800 square kilometers, and held 192 block mining licenses with a total mining rights area of ??20,300 square kilometers.
In 2011, the company's new recoverable oil and gas reserves for the whole year were 410.73 million barrels of oil equivalent, including 280.92 million barrels of new crude oil recoverable reserves and 778.819 billion cubic meters of new natural gas recoverable reserves. foot. The company produced 321.73 million barrels of crude oil and 516.94 billion cubic feet of natural gas throughout the year. Shengli Oilfield is the company's most important crude oil production base, with a total crude oil production of 194.11 million barrels in 2011.
As of December 31, 2011, the company's remaining recoverable oil and gas reserves were 3966.21 million barrels of oil equivalent, including 2848.10 million barrels of crude oil and 6708.680 billion cubic feet of natural gas.
At the end of 2011, the company launched five major campaigns to increase reserves and production of Shengli Oilfield, Tarim Basin, Ordos Basin, Sichuan Basin and unconventional oil and gas.
On January 6, 2016, Sinopec Group announced that its "Weisi Well" deployed in the Beibu Gulf waters had successfully completed testing of two oil-bearing layers on January 5, and had successfully achieved high-yield oil and gas flow. , daily oil and gas production exceeds 1,000 tons. Among them, the first layer of the target section was tested, and a daily production of 1,458 cubic meters of high-quality crude oil (approximately equal to 1,264 tons) and 71,800 cubic meters of natural gas were obtained. The second layer tested a daily production of 1,349 cubic meters of self-injection high-quality crude oil (approximately equal to 1,264 tons). 1,184 tons) and 76,000 cubic meters of natural gas, setting a record for a single oil and gas exploration well in Sinopec’s offshore waters. It is also a rare high-yield test exploration well in China in the past ten years, bringing new hope for future exploration breakthroughs in the Beibu Gulf waters.
The company’s exploration and production operations from 2009 to 2011: Year-on-year changes in 2011, 2010, 2009 and 2011 compared with 2010 () Crude oil production (million barrels) 321.73327.85327.62 (1.9) Among them: China 303.37302.18301.150.3 Africa 18.3625.6726.47 (28.5) Natural gas production (billion cubic feet) 517.07441.39299.0117.1 Oil and gas equivalent production (million barrels of oil equivalent) 407.89401.42377.451.6 Remaining proven crude oil reserves (million barrels) 28482, 8882, 920 (1.4) Remaining proven natural gas reserves (billion cubic feet) 67096, 4476, 7394.1 Remaining proven oil and gas reserves (million barrels of oil equivalent) 39663, 9634, 0430.1 In 2013, the company added conventional oil and gas throughout the year There are 20 mineral rights blocks covering an area of ??90,000 square kilometers, and 15 shale gas mineral rights blocks have been newly listed, covering an area of ??49,000 square kilometers. The newly added economically recoverable reserves of oil were 44.14 million tons, with a replacement rate of 100.8; the newly added economically recoverable reserves of natural gas were 10.9 billion cubic meters, with a replacement rate of 64.
In 2013, the company produced 43.78 million tons of crude oil, an increase of 600,000 tons; it produced 18.7 billion cubic meters of natural gas (including 140 million cubic meters of shale gas), an increase of 1.8 billion cubic meters. The new crude oil production capacity is 5.19 million tons and the natural gas production capacity is 2.44 billion cubic meters (excluding shale gas). Oil Refining As of the end of 2011, Sinopec is China's largest petroleum refiner and the largest manufacturer of petroleum products. Its petroleum refining capacity ranks second in the world. Its main products include gasoline, kerosene, diesel, lubricants, etc. . The three refining and chemical enterprise clusters are mainly located in China's most economically active and developed regions such as the southeastern coast, the middle and lower reaches of the Yangtze River and North China. They have superior geographical location, convenient transportation and strong market demand, providing continuous driving force for China's economic development. By the end of 2011, Sinopec's primary processing capacity reached 247 million tons.
The company's refining production from 2009 to 2011: Year-on-year changes in 2011, 2010, 2009 and 2011 compared with 2010 () Total sales volume of refined oil (million tons) 217.37 211.13 186.58 3.0 Gasoline, diesel, Kerosene production (million tons) 128.00 124.38 113.69 2.9 Among them: gasoline (million tons) 37.10 35.87 34.43 3.4 Diesel (million tons) 77.17 76.09 68.86 1.4 Kerosene (million tons) 13.73 12.42 10.39 10.5 Chemical light oil production ( millions tons) 37.38 35.00 26.87 6.8 Light oil yield () 76.08 75.79 75.54 Increased by 0.29 percentage points Comprehensive commodity rate () 95.09 94.83 94.53 Increased by 0.26 percentage points In 2013, the company processed a total of 234 million tons of crude oil throughout the year, an increase of 4.8; produced finished products Oil production was 141 million tons, an increase of 5.2%; chemical light oil production was 38.23 million tons, an increase of 4.9%.
By optimizing production plans and adjusting process operations, we have increased the production of high-value products such as gasoline, jet fuel, and asphalt, while reducing the production of low-value-added products such as diesel, commercial heavy oil, and petroleum coke, and achieved remarkable results. The production of gasoline was 45.94 million tons, an increase of 11.8%, and the over-processing volume increased by 7 percentage points. The production of jet fuel was 17.43 million tons, an increase of 16.1%, and the over-processing volume increased by 11.4%. 7.72 million tons of asphalt were produced, an increase of 24.0%, and the over-processing volume increased by 19.1 percentage points. The production of diesel was 77.48 million tons, a decrease of 0.4, which was 5.2 percentage points lower than the increase in processing volume. Petroleum coke was produced at 13.8 million tons, an increase of 1.8%, which was 3 percentage points lower than the increase in processing volume.
On April 24, 2013, Sinopec’s No. 1 bio-jet fuel successfully tested at Shanghai Hongqiao Airport. On February 12, 2014, the Civil Aviation Administration of China officially issued the No. 1 Biojet Fuel Technical Standards Project Approval (CTSOA) to Sinopec. Sinopec's No. 1 bio-jet fuel has obtained the airworthiness license. This is a new development and breakthrough in China's bio-jet fuel industry, making China the fourth country after the United States, France and Finland to have independent research and development and production technology of bio-jet fuel. Sinopec has become the first domestic enterprise with independent research and development and production technology of bio-jet fuel. Oil Product Sales Sinopec's main markets for oil product sales cover all provinces, autonomous regions, municipalities and special administrative regions in China except Taiwan Province.
Sinopec’s refined oil sales network mainly consists of three parts. First, Sinopec Sales Co., Ltd., a wholly-owned subsidiary of Sinopec Corp., and its four regional branches in major markets are responsible for the unified balance, transportation coordination and direct sales of Sinopec's refined oil resources and special users. The second is the sales network composed of provincial petroleum branches (including Hong Kong companies) and affiliated regional (prefecture-level) companies; the third is the joint ventures established by Sinopec with other refined oil operating units across the country and the adoption of Sales network established through franchising.
As of the end of 2011, the company owned 30,121 gas stations, including 15 franchised gas stations.
In 2011, the company’s domestic sales of refined oil products reached 151 million tons, a year-on-year increase of 7.6%.
The company's marketing and distribution operations from 2009 to 2011 2011 2010 2009 2011 year-on-year changes compared with 2010 () Crude oil processing volume (million tons) 162.32 149.23 130.32 8.8 Domestic total distribution of refined oil products Quantity (million tons) 151.16 140.49 124.02 7.6 of them: retail volume (million tons) 100.24 87.63 78.90 14.4 Direct sales (million tons) 33.22 32.40 25.61 2.5 wholesale volume (million tons) 17.70 20.47 19.52 (13.5) single station year year Average refueling volume (tons/station) 3,330 2,960 2,715 12.5 As of December 31, 2011 As of December 31, 2010 As of December 31, 2009, year-end changes compared with the year-end of the previous year () Sinopec Total number of branded gas stations (seats) 30,121 30,116 29,698 0.02 Among them: number of self-operated gas stations (seats) 30,106 29,601 29,055 1.7 Number of franchised gas stations (seats) 15 515 643 (97.1 ) As of the end of 2011, Sinopec was the largest manufacturer and distributor of petrochemical products in China. Its petrochemical production plants are located in economically and market-developed regions such as eastern, central and southern China. It produces and sells various petrochemical products, including intermediate petrochemical products, synthetic Resins, synthetic fiber raw materials and polymers, synthetic fibers, synthetic rubber and chemical fertilizers. The Company's petrochemical product production is integrated upstream and downstream with the Company's refining business, and chemical raw materials (such as naphtha) are mainly provided by the Company's refining production enterprises. Most of the Company's petrochemical products are sold in China's domestic market.
As of the end of 2011, the company's main chemical product production capacity (including newly built and expanded capacity and transformation units during the year), output, and market share are as follows:
There are 13 ethylene production companies, including joint ventures 4 companies, with a production capacity of 9.425 million tons at the end of the year, and actual production of 9.894 million tons of ethylene. There are 30 synthetic resin manufacturers, with a production capacity of 12.9886 million tons at the end of the year, and an output of 13.652 million tons in the year. The domestic market share of synthetic resin is 22.05; there are 5 synthetic rubber manufacturers, with a production capacity of 930,000 tons, and a production of 990,000 tons of synthetic rubber in the year. , the domestic market share is 25.1. There are 15 synthetic fiber monomer and polymer manufacturers with a production capacity of 9.2864 million tons. In the same year, they produced 9.38 million tons of synthetic fiber raw materials and polymers, with a domestic market share of 20.33%. There are 8 synthetic fiber manufacturers, with a production capacity of 1.5346 million tons of polyester, acrylic, nylon, and polypropylene fiber equipment. In the same year, they produced 1.388 million tons of synthetic fibers, with a domestic market share of 4.76.
The company's main chemical product output units from 2009 to 2011: thousand tons 2011 2010 2009 year-on-year change in 2011 compared with 2010 () Ethylene 9,894 9,059 6,713 9.2 Synthetic resin 13 , 652 12,948 10,287 5.4 Synthetic rubber 990 967 884 2.4 Synthetic fiber monomer and polymer 9,380 8,864 7,798 5.8 Synthetic fiber 1,388 1,393 1,302 -0.4 In 2013, the company's total The annual production of ethylene is 9.98 million tons, the yield of high value-added ethylene products has increased by 0.24, and the energy consumption of ethylene has decreased by 3.95 kg standard oil/ton. Natural Gas In 2013, the company's annual sales of natural gas were 16.84 billion cubic meters, an increase of 9.4%; the annual sales of natural gas for vehicles were 1 billion cubic meters, an increase of 67.5%.
Refined oil In 2013, the company achieved a full-year refined oil operation volume of 180 million tons, an increase of 4.0%; domestic refined oil operation volume was 165 million tons, an increase of 3.8%, of which retail volume was 114 million tons, and the number of self-operated gas stations reached 30,500; overseas (Hong Kong region) The operating volume of refined oil products was 14.57 million tons, an increase of 2.9%.
As of the end of 2013, the company maintained 30,536 Sinopec brand gas stations, a decrease of 300 from the end of the previous year; including 30,523 self-owned gas stations, a decrease of 300 from the end of the previous year. The amount of refueling at a single station increased by 5.97. Non-oil products In 2013, the company's annual non-oil products operating income reached 13.35 billion yuan, an increase of 21.4%.
Continue to focus on Yijie convenience stores and combine regular promotions with theme marketing to enhance the appeal of "Yijie". The annual store entry rate reached 4.1, an increase of 1.9 percentage points. Select local specialty products; vigorously promote independent brand products; promote diesel vehicle exhaust treatment fluid to reduce diesel vehicle exhaust emissions; accelerate the development and construction of car wash outlets, and build and renovate 300 car wash stations with a unified image. Fuel oil In 2013, the company achieved annual operating volume of 20.27 million tons, a slight increase year-on-year. The unified sales of other refining products and liquefied gas were successfully implemented, with the annual industrial gas ratio reaching 37.4, an increase of 11.7 percentage points.
The asphalt market share remains the leading position in the country, and differentiated and high-end asphalt products such as high-speed rail emulsified asphalt, hard asphalt, warm-mix asphalt, and modified asphalt continue to expand. Asphalt sales increased by 21.5% for the year.
The total operating volume of lubricants for the year was 2.036 million tons, an increase of 28%; the third-party trade of base oil was 650,000 tons; the sales volume of industrial oil was 240,000 tons, an increase of 12%. The development of the lubricant market has achieved results, and breakthroughs have been achieved in application cooperation in high-end fields such as aerospace, aviation, ocean-going, and high-speed rail. 68 new major customers have been added, and the number of scale customers has exceeded 2,300. Chemical Products In 2013, the company completed a total operating volume of chemical products of 58.23 million tons, an increase of 3.88 million tons and an increase of 7.1%. Catalysts In 2013, the company sold 147,000 tons of various catalysts throughout the year. In the face of fierce market competition, we promptly adjusted and optimized marketing strategies to improve market control capabilities. Domestic sales reached a new high, reaching 130,000 tons, an increase of 11.1%. Overseas oil and gas exploration and development In 2013, the company achieved equity oil and gas production of 38.71 million tons of oil equivalent, an increase of 33.3%.
The success rate of exploratory wells and evaluation wells reached 54.3 and 80 respectively. The exploration results in projects such as Brazilian deep sea, Kazakhstan and Angola were outstanding. The rolling exploration in Argentina, Andes, Addax and other projects increased reserves significantly, laying the foundation for the next step of exploration. Deploy and operate oil and gas production internationally to lay the foundation for reserves.
In 2013, the company successfully acquired 1/3 of Apache’s Egyptian assets, part of the MS shale assets of Chesapeake Company in the United States, and signed an agreement to acquire 10 interests in Block 31 of Angola; and carried out capital operations and asset disposal work. , successfully injected the rights and interests of projects such as Russia's UDM, Kazakhstan's CIR and Colombia's Holy Lake Energy into the Petrochemical Joint Stock Company, transferred the rights and interests of Myanmar's D Block 30 to Taiwan's China Petroleum Corporation, and promptly exited some projects with limited resource exploration potential. Overseas petroleum engineering technical services In 2013, the company signed 14 new drilling rig service contracts in Saudi Arabia with a contract value of US$1.48 billion. It was the largest overseas drilling and workover project won by Sinopec in a single contract so far; it successfully signed the EBANO oilfield complex in Mexico. Service incentive project contract with a contract period of 30 years. The value of new contracts signed throughout the year was US$4.6 billion, and the value of completed contracts was US$2.9 billion. The total number of overseas employees is 27,208, including 7,298 Chinese employees and 19,910 foreign employees. Overseas refining and chemical joint ventures and cooperation Overseas refining and chemical investment and cooperation projects are progressing steadily, and the Yanbu refinery project in Saudi Arabia, Fujairah in the United Arab Emirates, and Batam Island warehousing projects in Indonesia are under construction as planned. Russia's Sibur nitrile rubber project completed delivery. Sinopec Lubricant Singapore project was completed and put into operation. Conduct feasibility studies on joint overseas refining and chemical joint ventures for refining projects in South Africa, Brazil, Cambodia and other countries.
Signed a memorandum of understanding with the Mongolian government to jointly study the feasibility of Mongolian coal-to-gas projects and track cooperation opportunities for natural gas chemical projects in natural gas-rich countries. Discuss with some national petroleum and petrochemical companies chemical projects based on Sinopec’s own technology. Overseas refining and chemical engineering technical services In 2013, the company executed ***25 projects overseas throughout the year, including 9 EPC general contracting projects and 16 construction projects, further improving its international project execution capabilities. The value of new contracts signed throughout the year was US$3.459 billion, and the value of completed contracts was US$1.145 billion. There are 13,792 personnel performing project management and operations overseas, including 1,481 Sinopec employees, 6,526 domestic employees and subcontractors, and 5,785 foreign employees and local subcontractors. Domestic joint ventures and cooperation In 2013, the company established four Sino-foreign joint ventures: China-Korea (Wuhan) Petrochemical Co., Ltd., Maoming Petrochemical BASF Co., Ltd., Maoming Xinjinming Petroleum Co., Ltd., Chongqing Aiwei Chemical Co., Ltd., Shanghai Gaoqiao Nitrile The rubber project, Yangzi Petrochemical's phenol acetone joint venture project, Yangzi Petrochemical's C9 resin joint venture project, and Jiujiang air separation joint venture project have achieved phased results, which have substantially promoted the progress of the Fujian Gulei refining and chemical integration project.
In 2013, the company’s cooperation with domestic enterprises was further strengthened, and Sino-Chinese joint ventures such as Nanjing Shihua Oil Shipping Co., Ltd. and Sinopec Lubricant Shandong Co., Ltd. were established successively. Domestic joint ventures and cooperation Make positive progress. International trade: 189.71 million tons of crude oil were imported throughout the year, and third-party crude oil trade was 95 million tons. The export of refined oil products throughout the year was 7.98 million tons, an increase of 46.4%, and the third-party trade of refined oil products was 18.42 million tons.
The annual international trade volume of equipment, materials, petrochemical products and other products was US$3.13 billion, an increase of 14.7%.
The import, export and third-party trade volume of chemical products reached 8.32 million tons throughout the year, an increase of 4.4%.
In terms of catalyst sales, polyolefin catalysts were exported to the United States for the first time, ethylbenzene dehydrogenation catalysts entered Taiwan in scale, silver catalysts were exported for the first time, and products were stably supplied to large international petroleum and petrochemical companies. Export sales revenue was basically the same as the previous year. flat.
We optimized the procurement of fuel oil resources, strictly controlled costs, and strived to expand overseas business. The economic benefits were good, and the annual sales volume of international operations was 6.17 million tons. Important breakthroughs have been made in geophysical technology research and development. It has formed a brand technology system with independent intellectual property rights - I technology system, which mainly includes: precision seismic exploration (I-F i n e), complex oil and gas reservoir exploration in complex areas (I-Complex), reservoir geophysics (I- Re se r v o i r ), marine geophysical exploration (I - O f f s h o r e ) and unconventional resource exploration (I - Unconventional), experimental geophysics (I - Experiment), geophysical equipment (I - E q u i p m e n t ), geophysical software (I - πframe). For the first time, it applied the high-efficiency synchronous sliding scanning acquisition technology of vibrator, setting the three highest records of domestic vibrator construction average, daily output and timeliness.
Technology for the safe and efficient development of ultra-large, ultra-deep and high-sulfur gas fields has been developed. Well structure optimization, efficient rock breaking tools, underbalanced drilling, precision managed pressure drilling, strapdown automatic vertical drilling, composite drilling, anti-gas channeling cementing, high-pressure well control and other complex deep and ultra-deep wells are the keys to optimal and fast drilling and completion The technology has been matched by Jackie Chan.
The technology to improve drilling speed and efficiency has achieved remarkable results. By promoting the application of diamond-impregnated drill bits, turbine drilling technology, torsion impactor PDC drill bit technology, gas drilling and other drilling speed-increasing technologies, the technical effects have been improved.
The research and development and application of oilfield chemical products have achieved remarkable results. The high-performance water-based drilling fluid system has reached the domestic advanced level; the oil-based drilling fluid system has been gradually improved and basically meets the on-site requirements. Low-density, ultra-high-density, micro-expansion and ductile cement slurry systems have matured.
Drilling technology for unconventional shale gas wells has been greatly developed.
Supporting engineering technologies such as shale gas long section horizontal well drilling, oil-based drilling fluid, and elastic-plastic cement slurry cementing have been formed.
A major breakthrough has been made in staged fracturing technology for horizontal wells. The staged fracturing technology for shale gas horizontal wells is initially supported. Hydraulic pumping, bridge plug and perforation combined technology has been successfully applied in 16 wells in the Jiaoshiba area of ??Fuling, and 13 wells have been put into production. The average daily gas production of a single well is 150,000 cubic meters. The above has made special contributions to Sinopec’s breakthroughs in shale gas exploration and development.
Remarkable progress has been made in the development of logging instruments. We have achieved success in the development of high-temperature small-hole downhole instruments and high-sulfur-resistant gas production profile downhole instruments, which have effectively supported the production needs of window side drilling and Puguang gas field development; the perforation technology supporting staged fracturing of horizontal wells has made significant progress. At the same time, mature technologies such as rapid platform logging, eight-sector cement bonded logging, and pump-out storage logging have been promoted and applied, playing an important role in improving speed and efficiency.
New progress has been made in well logging technology and comprehensive evaluation of complex reservoirs. It has completed the application of Raman laser gas detection and semi-permeable membrane-based oil and gas online detection technology in multiple wells, providing support for real-time discovery and quantitative evaluation of oil and gas. The comprehensive evaluation capabilities of complex reservoirs, especially shale gas, have been further improved. Calculation models of shale oil and gas parameters in different regions and identification and classification standards of favorable reservoir sections have been established, which provide guidance for the evaluation of mud shale oil and gas resources such as Jiaoshiba reserve declaration. provided technical support.
Ocean engineering construction technology has made new progress. The "Shengli 902" pipe-laying ship construction project won the first prize for national outstanding welding projects, and the research on marine engineering design and construction technology in the East China Sea Cooperation Block achieved phased results.
New results have been achieved in the research and development and application of new petroleum machinery and equipment products. The main research work of the national major science and technology project "3000 Type Complete Fracturing Equipment Development and Application Demonstration Project" was fully completed, and the company participated in the Fuling shale gas well fracturing field test and achieved complete success. A breakthrough was achieved in the technical quality of constant-wall-thickness screw drilling tools, and personalized drill bits and screw drilling tools were developed for the Fuling shale gas demonstration area, achieving remarkable results in improving speed and efficiency. Coiled tubing and snubbing operation equipment were successfully developed; RDS compressor technology and quality continued to improve, and 11 6RDS compressor units were successfully put into operation in the Daniudi Gas Field.