Abstract Near the end of 2017, the oilfield reform of “two barrels of oil” has been upgraded. After PetroChina implemented the internal transfer of mineral rights in early December, Sinopec also launched the internal transfer reform of mining rights yesterday. The idea of ​​“two barrels of oil” to implement the internal circulation reform of mining rights is basically the same, that is, facing low oil prices...

Near the end of 2017, the oilfield reform of “two barrels of oil” has been upgraded. After PetroChina implemented the internal transfer of mineral rights in early December, Sinopec also launched the internal transfer reform of mining rights yesterday.

The idea of ​​“two barrels of oil” to implement the internal circulation reform of mining rights is basically the same, that is, in the face of the dilemma of low oil prices, explore the market-oriented model by revitalizing the mineral resources, reserves, technology, manpower, equipment and other resource assets of the oilfield sector. The new system maximizes benefits.

Sinopec opened the internal circulation of mining rights

"Securities Daily" reporter learned that on December 18, Sinopec announced that North China Oil and Gas Branch and Henan Oilfield have officially signed the Xunyi-Yijun mineral rights block transfer agreement, the block officially transferred to Henan Oilfield, marking China The internal market-oriented circulation reform in the petrochemical mineral rights block and the exploration of the new mode of development of difficult-to-use reserves and benefits have taken a critical step.

The Xunyi-Yijun tight oil ore right block is located in the southern part of the Ordos Basin. It covers the counties of Zhengning County of Gansu Province and Xunyi, Yijun and Huangling of Shaanxi Province. The area is about 2029 square kilometers. The current proven oil reserves are 2165. 10,000 tons, controlled reserves of 84.96 million tons. The tight reservoirs in this block have the characteristics of “low pressure, low permeability and low production”. It is difficult to effectively develop and use. Currently, the reserves are 14.79 million tons, and the utilization rate is only 14%.

Jiao Fangzheng, deputy general manager of Sinopec pointed out that this move is an important arrangement for Sinopec to adapt to the new situation of national oil and gas system reform, deepen reform and innovation management, and explore the important deployment of difficult-to-use reserves and benefit development. It is the oilfield sector to make full use of policies to optimize resource allocation. Innovative measures to revitalize existing resource assets and safeguard mineral rights.

Sinopec fully considered the characteristics, difficulties and benefit development requirements of tight oil blocks, and adopted the method of bidding and review, and organized experts to quantify in five aspects: technical feasibility, economics, institutional mechanism innovation, operational organization guarantee, and risk resistance. Score, select the most suitable unit in the oilfield sector to undertake. Henan Oilfield won this time from three applicants.

At present, North China Oil and Gas Branch and Henan Oilfield have completed the handover of the Xunyi-Yijun mineral rights block, achieving the goal of “no assets, no management, safe operation, stable and orderly”. After the Henan Oilfield was undertaken, in order to reduce the management operation cost, according to the principles of project operation, market operation, social service and lean and efficient, the Weibei Oil and Gas Development Project Department was established with 10 employees, and independent accounting and self-contracted operations were implemented. The work was being carried out in an orderly manner and 12 wells had been successfully resumed.

Since the beginning of this year, in order to speed up the revitalization of existing resource assets and to solve the dilemma of survival and development under low oil prices, Sinopec has boldly explored a new model for the development of difficult-to-use reserves.

The head of the Sinopec Oilfield Business Unit also told the Securities Daily that promoting the internal marketization reform of the mineral rights block can break the pattern of “landing for the prison” and help to coordinate the mining rights, reserves and technology of the oilfield sector. Resources, manpower, equipment and other resource assets, to play the overall advantage, to achieve the development of difficult to use reserves, will also force the unit to innovate institutional mechanisms, significantly reduce costs and breakeven points, creating a new path of low-cost development.

It is understood that in the next step, Sinopec will summarize the reform experience, screen favorable blocks, increase circulation, and see more results in revitalizing existing resources and assets, and realize the preservation and appreciation of state-owned assets. At the same time, it will adopt new reforms such as cooperative development and mixed ownership, innovate institutional mechanisms, fully mobilize the enthusiasm and creativity of all parties, and truly “manage, move, and live” hard-to-use reserves.

"Two barrels of oil" oilfield reform and upgrade

It should be mentioned that not long ago, the first batch of internal circulation projects of PetroChina has been settled.

On December 4, the internal circulation of the mineral rights of the East and West Oilfields initiated by PetroChina in the middle of this year was basically completed. There were 16 exploration and mining rights blocks from the southwestern Ordos, Sichuan, and Qaidam Basins and some peripheral basins from the southwest oil and gas fields. The three regional companies have transferred to four regional companies including Daqing.

It is understood that due to resource endowments and historical reasons, there are significant differences in the remaining oil and gas resources in the East and West Oilfields of CNPC. The western oil-producing area is vast, with great potential for resources and low level of exploration. However, investment and technical strength are limited, and the heart has insufficient strength. The eastern exploration area is limited, the technical strength is relatively surplus, the reserve resources are insufficient, and the desire to “go global” is strong. .

In the middle of this year, PetroChina initiated the transfer of mineral rights within the company in order to implement the spirit of the national oil and gas system reform and effectively resolve the imbalance in the structure of resources. Specifically, it involves 7 regional companies, including the Changqing Oilfield, Qinghai Oilfield, and Southwest Oil and Gas Field in the west, and the Daqing Oilfield, Liaohe Oilfield, Huabei Oilfield in the east, and Yumen, which has been near the age of the mine. oilfield.

After several months of docking, it was finally determined that the four exploration rights and two mining rights blocks in the Qaidam Basin where Qinghai Oilfield is located will be transferred to Liaohe Oilfield, and the 5 exploration rights and 2 exploration rights in the Ordos and northern peripheral basins where Changqing Oilfield is located The mining rights were transferred to Huabei Oilfield and Yumen Oilfield, and the two exploration rights and one mining right in the Sichuan Basin and Xichang Basin where the southwest oil and gas field is located were transferred to Daqing Oilfield.

The internal transfer of the mining rights adopts the “1+1 bundling” mode of the exploration block and the unutilized reserve block, implements the new system and new mechanism, and the investment plan is separately listed and evaluated separately to realize market-oriented operation and socialized service.

Some insiders of CNPC told the "Securities Daily" reporter that "two barrels of oil" successively initiated internal mineral rights transfer reform, which is a reasonable allocation of their own resources under the low oil price situation to maximize profits. At the same time, with the deepening of oil and gas reform, “two barrels of oil” is also seeking internal changes.

Kylin Chemicals' Water Treatment Business Division is a professional Water Treatment Solution Provider offering complete control of various parameters by our highly effective chemicals and services. We have a professional team of highly qualified, trained and experienced engineers, the backup for the quality products and universal support for your water treatment needs,including the potassium monopersulfate,potassium peroxymonosulfate,reverse osmosis antiscalant. Our programs are designed to reduce our customers maintenance cost through our in-depth diagnose, knowledgeable analysis and highly effective solutions.

Reverse Osmosis Antiscalants



Scale Inhibitors for cooling water

Water Treatment & Cleaning

Water Treatment & Cleaning,Water Treatment Chemicals,Water Treatment Agent

Kylin Chemicals Co., Ltd. , http://www.kylin-chemicals.com