Title: Situation of China's Oil & Gas Resource Development and its Problems and Countermeasure
Abstract: Since 1990, as a result of the reserve of China increasing 1500 million tons annually, the oil production has been increasing stable. It is estimated that the reserve growth in new area will keep stable and the production will increase a little. After the new evaluation, the recoverable resource of natural gas is about 14 trillion cubic meter. And now the gas reserve and production in China is increasing at a high speed, however the gas exploration is still at early phase. It is estimated that the natural gas reserve will increase quickly, and up to 2020, the recoverable reserve will be 5.6 trillion cubic meter. The proved rate is 40%, and production will be quickly increased to 80 billion cubic meter in 2010, and 120 billion cubic meter in 2020. After several years' endeavor, China's oil and gas technology is developed quickly, and accelerating the growth of reserve. At the same time of oil and gas reserve increasing quickly, the development of oil gas encountered a series of problems. To deal with these problems, the authors put forward the thoughts on China's Sustainable Development of Oil Gas, including intensifying five major fields exploration, accelerating the development of gas, enlarging international trade and cooperation, developing non-conventional resources and encouraging to use substitute resources and taking effective measures to save energy. After executing these measures, the China's oil and gas industry will be developed more healthily.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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