The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existi...The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existing climate targets were reinforced,and a fresh accord was reached for scientifically achieving net-zero carbon emission.The global energy market is being transformed,with oil and gas regaining prominence in energy security.Firms are concentrating on core competencies amidst transitions,though upstream investments show a gradual rebound.The global carbon dioxide capture and storage(CCS)projects has witnessed a significant rise,with Direct Air Capture(DAC)technology gaining attention.Carbon dioxide Capture,Utilization,and Storage(CCUS)is essential as a foundational technology for achieving dual carbon goals.In light of global future development goals and China’s national conditions,this article discusses the evolving trends in the international oil and gas sector alongside China’s domestic energy security landscape.It proposes prospective trajectories for the growth of China’s oil and gas sector and measures to guide and respond to challenges during the energy transition process,providing references for decision-making in the transformation of oil and gas companies.China has a high level of energy self-sufficiency,with the overall energy security situation remaining controllable.China’s oil and gas sector is seeing three-pronged progress:deepening exploration to 10,000s of meters,nano-level reservoir description,and reviving mature fields for a new era.Focusing on deep layer,deepwater,unconventional and mature oilfields,strengthening Belt and Road energy partnerships,enlarging reserves,optimizing pipeline network layout,implementing a smart risk-management ecosystem,and driving the CCUS technology revolution.展开更多
文摘The report on the 20th National Congress of the Communist Party of China proposes promoting green development,advancing harmonious coexistence between humans and nature,and ensuring energy security.At COP282023,existing climate targets were reinforced,and a fresh accord was reached for scientifically achieving net-zero carbon emission.The global energy market is being transformed,with oil and gas regaining prominence in energy security.Firms are concentrating on core competencies amidst transitions,though upstream investments show a gradual rebound.The global carbon dioxide capture and storage(CCS)projects has witnessed a significant rise,with Direct Air Capture(DAC)technology gaining attention.Carbon dioxide Capture,Utilization,and Storage(CCUS)is essential as a foundational technology for achieving dual carbon goals.In light of global future development goals and China’s national conditions,this article discusses the evolving trends in the international oil and gas sector alongside China’s domestic energy security landscape.It proposes prospective trajectories for the growth of China’s oil and gas sector and measures to guide and respond to challenges during the energy transition process,providing references for decision-making in the transformation of oil and gas companies.China has a high level of energy self-sufficiency,with the overall energy security situation remaining controllable.China’s oil and gas sector is seeing three-pronged progress:deepening exploration to 10,000s of meters,nano-level reservoir description,and reviving mature fields for a new era.Focusing on deep layer,deepwater,unconventional and mature oilfields,strengthening Belt and Road energy partnerships,enlarging reserves,optimizing pipeline network layout,implementing a smart risk-management ecosystem,and driving the CCUS technology revolution.
