Sinopec Jiangsu Oilfield Company (JOC (hereinafter referred to as Jiangsu Oilfield Company) ) is a large comprehensive inter-regional conglomerate integrated oil exploration, oil and gas production, procession and sale. 9 units affiliate to Jiangsu Oilfield Company. The main types of operational crews are 29 oil and gas production and transportation teams.
The headquarter of Jiangsu Oilfield Company is located in Yangzhou, Jiangsu province. Oil-bearing area is widely distributed within 6 cities, 12 counties in Jiangsu and Anhui provinces, covering Jiangdu, Hanjiang, Gaoyou, Yizheng of Yangzhou city, Xinghua of Taizhou City, Jinhu, Xuyi, Hongze of Huaiyin city, Jurong of Zhenjiang city, Dongtaiˇ˘Sheyang of Yancheng city in Jiangsu Province and Tianchang of Chuzhou city in Anhui province.
Jiangsu Oilfield Company has been richly rewarded in exploration and development with promising future. In 2007, newly added proved, probable and possible reserves has reached 38.69 million tons' oil equivalent, and more than 10 million tons of proved annual geological reserves were submitted, making it the thirteen consecutive year. The oil and gas production in 2007 was 1.702 million tons and 54.61 million cubic meters. Up to now, 36 oil and gas fields have been discovered, with 228.36 million tons of proved geological oil reserves, 195.14 square kilometers of oil-bearing area, 7.87 billion cubic meters of geological gas reserves and 140.97 square kilometers of gas-bearing areas been found. With regard to the overall situation, oil and gas production will remain flourishing at present and in the long future. Particularly, total resources in the exploration replace areas, which are distributed in Beibuwan, Erlian, Junggar, and Caidam basins, as well as Mesozoic and Paleozoic of lower Yangtze, exceed 2.0 billion tons. At present, it is in the preliminary stage of evaluation research and early breakthrough stage of exploration evaluation with enormous potentials.
Jiangsu Oilfield Company is equipped with advanced and exclusive technology in oil exploration and development. Relying on the efforts for many years, it has accumulated successful experience and developed the technology of roll exploration and development in complicated mini-faulted-blocks pools within the Yangtze Gold Delta called "the challenge to geologists" where rivers and lakes are crisscross and the structure of stratum grows intricate. The company owns the first set of real 3D processing software and no-well log inversion technology used for preliminary description and evaluation in reservoir. It has developed and completed comprehensive roll exploration and development in complicated faulted-block, in which the 3D seismic and reserves description technologies is the leading technology. It has set up a series of efficient technology for finding more reservior and increasing production, which includes the 3D seismic and reserves description technologies etc. The level of investment for the production capacity of one-million tons is advanced in the industry. The company has set up an integrated infrastructure of information and communication network, which can be used for exchanging information with the headquarter of Sinopec. The information technology of the company has been used for the daily work of exploration, production, research, management et al. The newly technology application of the company is keeping ahead among the small-middle scale oil companies of the country.
Contact:
Address: No.1, West Wenhui Road, Yangzhou City, Jiangsu Province
Postcode: 225009
TEL: ( 0514 ) 8776-2001
FAX: ( 0514 ) 8776-0009
E-mail: joeco@joeco.com.cn
