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The Exploration & Production Department is in charge of the management of oil and gas exploration, production, reserves and assets, as well as the marketing of oil and gas. A number of oil and gas producers are under its administration, namely, Sinopec Shengli Oilfield, Sinopec Zhongyuan Oilfield, Sinopec Henan Oilfield, Sinopec Jiangsu Oilfield, Sinopec Jianghan Oilfield, Sinopec Northwest Company, Sinopec Southwest Company, Sinopec North China Company, Sinopec Southern Exploration Company, Sinopec Northeast Company, Sinopec East China Company, Sinopec Shanghai Offshore Oil & Gas Company, etc. Most of Sinopec's oil and gas blocks are located in the eastern, western and southern China. By the end of 2009, the Company enjoys ____ exploration licenses covering ____ million km2, and production licenses covering ____ km2. (数据待提供)
By December 31, 2009, the total remaining recoverable reserves amounted to ____ mmboe (____ mmbbls of crude oil and ____ bcf of natural gas). (数据待提供)
In 2009, the Company made quite a number of achievements in oil and gas exploration and production. In exploration, basing on resource strategy of “stabilizing output in east mature fields, accelerating development in the western frontier areas, developing the southern China and exploring offshore opportunities”, the Company strengthened exploration management, carried out integration of E&P, braving in innovation, and adhered to fine search. In 2009, the overall incremental proved oil and gas reserves reached ____ mmboe, the incremental proved oil reserves in place reached ____ mmbbls while the incremental proved natural gas reserves in place aggregated ____ bcf. In production, through strengthening control of investment and cost, adhering to rational development and technical innovation, the Company focused on key projects such as stabilizing the production of mature oilfields in the east, quickly putting new production capacities in the west into operation, gas transmission from Sichuan to East China as well as putting Songnan gasfield into operation. Sinopec hit a historical high in oil and gas production through further improving the development of oil and gas fields. Last year the Company produced ____ mmbbls of crude oil and ____ bcf of natural gas. (数据待提供)
The Company takes a leading position in China in terms of oilfields E&P technologies and oil recovery technologies, mainly including 3D seismic survey technology, high quality and quick drilling technology, tertiary oil recovery technology, etc. In addition, the Company owns a team of technical professionals with rich E&P experiences.
Shengli Oilfield is the most important crude producing field of the Company. In 2009, Shengli Oilfield produced ____ mmbbls of crude oil and ____ bcf of natural gas. (数据待提供)
Summary of Operations of the Exploration and Production Segment:
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2009
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2008
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2007
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2009 changes over 2008(%)
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Crude oil production (mmbbls)
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Natural gas production (bcf)
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Newly added proved reserves of crude oil (mmbbls)
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Newly added proved reserves of natural gas (bcf)
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Year end proved reserves of crude oil (mmbbls)
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Year end proved reserves of natural gas (bcf)
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Year end proved reserves of crude oil and natural gas (mmboe)
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1 tonne=7.1 bbl; 1 cubic meter=35.31 cubic feet
In 2009, the segment's operating revenue was RMB ____ billion.
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