Jilin Oilfield Achieved a Double Increase in Production

Source: www.gulfoilandgas.com 4/20/2021, Location: Asia

Jilin Oilfield made every effort to build an "upgraded version" of improving quality and efficiency. The headquarters has issued a plan of 50,000 tons, a year-on-year reduction of 570 million yuan in losses.

Since the beginning of the year, Jilin Oilfield has adhered to the efficiency and stability of production in the old Songnan area of ??Jilin Province, accelerated the deployment of new energy businesses and the exploration and development of new blocks, strived to seize the initiative in production and operation, and strived to build a "three-part world" development pattern of crude oil, natural gas, and new energy. Both production efficiency and investment cost are both improved.

Strong support for technological innovation. The Jilin Oilfield closely focuses on low-cost exploration, profitable production, improvement of the development effect of old oilfields, exploration and development of new blocks and other key technical requirements, continuously deepens geological research, strives to find rich oil and gas resources, researches key engineering technologies, and creates a weapon for increasing production and efficiency. Promoting and perfecting the construction of the Internet of Things and improving the level of smart oilfield construction have strongly supported the increase in reserves and production and efficiency.

Exploration has made new progress. Jilin Oilfield focuses on increasing economically recoverable reserves at low oil prices, adheres to constant non-conformity, strengthens SEC reserves management, vigorously implements efficient exploration, further implements key areas and annual targets, finely portrays sweet spots and sweet spots, and accelerates breakthroughs in favorable areas Piece. The field acquisition of 3D seismic in the first quarter completed 55.2% of the annual plan.

Proactive in development and production. Jilin Oilfield vigorously carried out the spring labor competition, continued to optimize the pace of operation, vigorously promoted the "Double Ten Project", and actively established an integrated block unit index system of "operation + development", solidly promoted natural gas benefit development, fracturing process success rate, and overhaul The success rate and the occurrence rate of major workovers were better than those of the same period last year, and the daily oil and gas production exceeded the planned operation.

Investment continued to be optimized. Jilin Oilfield pays attention to source control, clarifies economic recoverable reserves, strictly controls total investment, strengthens joint review of plans, optimizes deployment, increases market-oriented indicators and other measures, fully taps the potential of existing plants, land, pipelines and other assets, and reduces investment in supporting facilities . Vigorously promote the marketization process, comprehensively introduce a competitive mechanism, further liberalize prices in drilling, logging, and fracturing, and achieve further reductions in project prices. In the first quarter, the company saved 30 million yuan in investment.

Cost rigidity decreases. Jilin Oilfield signed performance contracts layer by layer, including basic operating expenses, labor costs, etc. and all expenditures of the basic production organization and operation into the scope of contract assessment, forcing all units to change from the past production cost center to efficiency and profit center, and promoting each unit Explore the self-consciousness and initiative to compress full-cost projects and full-factor costs. In the first quarter, a total of 15.18 million kilowatt-hours of electricity was saved, and the comprehensive energy consumption for oil and gas equivalent production dropped 5.5% year-on-year.


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