The predecessor of Sinopec Shengli Oilfield Co., Ltd., Shengli Oilfield is the second largest oil production base in China. Since its discovery in 1961 and formal development and construction in 1964, by the end of 2002, 71 different types of oil fields have been found. Oil and gas fields, the cumulative proven oil geological reserves are 4.29 billion tons, and the natural gas geological reserves are 38.239 billion cubic meters; since 1983, the newly added proven oil geological reserves have been maintained at around 100 million tons for 20 consecutive years, and the cumulative production of crude oil is 773 million tons. , producing 34.988 billion cubic meters of natural gas.
By the end of 2002, 3.52 billion tons of oil geological reserves had been utilized. There are 20,930 oil wells and the annual crude oil production capacity is about 26.43 million tons. The average comprehensive water content of the entire oil field is 90, with a natural decrease of 14.16 and a comprehensive decrease of 6.21. The oil production rate of the remaining recoverable reserves is 11.15. There are 416 existing gas wells with an annual production capacity of nearly 1 billion cubic meters; there are 7,569 water injection wells with a cumulative injection-production ratio of 0.79.
Shengli Oilfield has complete comprehensive supporting production capabilities in oil, gas, water, electricity, roads, telecommunications, machine repair, supply, public facilities, etc., which strongly supports the production and operation of Shengli Oilfield Co., Ltd. Since the "Seventh Five-Year Plan", the oilfield *** has achieved 4,265 scientific research results of various types, of which 95 have won national awards, 435 have won provincial and ministerial awards, more than 642 patents have been obtained, and a total of 470 patented technologies have been implemented, creating economic The benefit is nearly 800 million yuan.
Sinopec Shengli Oilfield Co., Ltd. inherits Shengli Oilfield’s original strong material foundation and advantages in production management, science and technology, operates in strict accordance with the provisions of the Company Law, and continuously enhances competitiveness and profitability. It is gradually moving towards a modern enterprise with scientific decision-making, coordinated operations and strict management.