China Daily Global Edition (USA)
CNOOC announces new oil, gas find in Bohai Sea
China National Offshore Oil Corp, one of the country’s top three oil and gas producers, said on Monday that its newly discovered Bozhong 13-2 oil and gas field in the Bohai Sea contains proven geological reserves of 100 million metric tons of oil and gas equivalent, making it one of biggest crude oil production bases in the country.
The new field is expected to play a pivotal role in helping the company produce 40 million tons of crude from the Bohai oilfield during the 14th Five-Year Plan period (202125), according to Zhou Xinhuai, general manager of the oil exploration department at CNOOC.
Zhou said the Bohai oilfield is likely to start production in 2023 and achieve a peak output of 1.2 million tons of oil equivalent.
According to industry experts, the Bohai Sea natural gas and oil finds will boost CNOOC’s annual output to above 80 million tons of oil equivalent by 2025.
Cao Xinjian, Party secretary and general manager of CNOOC Tianjin, said the company is beefing up efforts to produce 30 million tons of crude oil and 3 billion cubic meters of natural gas this year. During the first quarter, the company will start three major projects including large and medium-sized oilfield development and stabilize the oil output volume.
The new find is located 140 kilometers off the coast of Tianjin at an average water depth of 23.2 meters, Zhou said. The Bozhong 13-2-2 well, where the reserve was discovered, was drilled and completed at a depth of 5,223 meters, and encountered oil pay zones with a total thickness of approximately 346 meters.
The well was tested to produce an average of approximately 1,980 barrels of crude oil per day. The company expects daily crude oil and natural gas generation from the well to reach 300 tons and 150,000 cu m at a later date, said Zhou.
In 2019, the company said its Bohai Sea finds contain 100 billion cu m of proven geological reserves of natural gas. It said the increased capacity from the new finds will help meet the surging demand for natural gas in northern and eastern China and reduce the country’s reliance on costly imports.
Last year, China’s natural gas production reached 188.8 billion cu m, up 9.8 percent on a yearly basis, according to data provided by the National Bureau of Statistics. During the same period, natural gas imports rose to 102 million cubic meters, up by 5.3 percent on a yearly basis.
According to China Energy News, natural gas output in China is expected to be between 420 billion cu m and 450 billion cu m by 2025.
In May 2020, CNOOC said it would invest 26.4 billion yuan ($4 billion) to increase its production capacity in Tianjin. The company said the funds were mainly used for oil exploration, natural gas pipeline construction, terminal sales as well as for efficient use of the energy.
BEIJING — Four years ago, Peng Xiaobo, who had been working in the research, development and management of spacecraft technology for 25 years, established Beijing Interstellar Glory Space Technology Co Ltd to pursue his dream of advancing commercial spaceflights.
Peng, CEO of the company, believes the value of the aerospace industry has not been fully tapped. “Our goal is to become a global leader in commercial spaceflights,” he said.
Despite the limited scale of the company, its core competitiveness in the field has highlighted China’s emerging “industries of the future”, a new buzz-phrase that highlights the key direction of the country’s most recent round of industrial revolution.
Although there is yet to be a clear definition, experts believe that industries of the future share the features of boasting leading-edge technologies and prospects for explosive growth.
China has accelerated the layout of this major cause with Beijing as well as the provinces of Hebei and Anhui to gear up developing “future industries” by making use of local advantages.
Pioneers surging
Origin Quantum, a three-year-old startup focusing on quantum computers and related technologies, recently rolled out an operating system called Origin Pilot. The system will effectively improve the overall utilization of quantum chips and shorten the time it takes to put a new quantum computer into operation, according to experts.
The company is based in Hefei, Anhui province, now a hub for China’s quantum technology. Yunfei Lu where the company is located, is often called “Quantum Street” by locals as it is home to over 20 quantum technology startups.
Some 150 kilometers east of Hefei, 10 5G-driven unmanned mining trucks were rumbling with full loads of iron ore at a mine owned by Masteel (Group) Holding Co Ltd, one of China’s largest iron and steel complexes.
“Equipped with technologies such as laser radar, a satellite navigation system and 5G network, the truck can avoid obstacles, park precisely and be operated remotely, improve mining safety and production efficiency,” said Yang Zhenyu, an on-site engineer with Qingdao Huituo Intelligent Machine Co Ltd that develops the trucks.
Since China kicked off the commercialization of 5G services in 2019, 5G technology has been embedded in intelligently connected factories, ports, driverless cars and various aspects of people’s lives, with some 700,000 5G base stations in operation.
The country will further build more than 600,000 5G base stations in 2021 while accelerating 5G coverage in major cities and advance co-construction and sharing, said Xiao Yaqing, minister of industry and information technology, at a work conference in December.
The ministry will form 20 typical industrial application scenarios and release 5G millimeter-wave frequency plans for some frequency bands, he added.
“The development of future industries offers a great opportunity for China to keep pace with rapid global innovations,” said Pan Jiaofeng,
president of the Institutes of Science and Development under the Chinese Academy of Sciences, adding that the emerging middle-income group and groundbreaking technologies will bring new opportunities to China’s future industries.
Blooming throughout the country
In the coming 15 years, China will implement a number of forwardlooking and strategic major national science and technology projects in the frontline fields of artificial intelligence, quantum information, integrated circuits, life and health, brain sciences, breeding, aerospace science and technology, and deep earth and ocean exploration.
Provincial-level regions are taking advantage of their specific resources to cultivate future industries, and Beijing has been playing a leading role.
The national capital will gear its forward-looking planning toward future industries such as quantum information, new materials, artificial intelligence, satellite internet and robotics, according to the city’s outline for its development plan in the next five years and development goals through 2035.
It will build a research institute for future technological innovation and a center for the application of future technological achievements, and accelerate the development of key subsectors such as quantum computing, quantum communication and quantum precision measurement.
Shanghai, the country’s business and financial hub, will strengthen scientific research and strategic planning in sixth-generation communications, next-generation photonic devices, brain-computer fusion, hydrogen energy, stem cells and regenerative medicine, synthetic biology and new marine economy to lay a solid foundation for future industrial development.
Anhui will expand its first-mover advantage in new energy vehicles and intelligent connected vehicles as part of the province’s grand plan of building a world-class cluster of strategic emerging industries.
Hebei province, which nearly surrounds Beijing, will further make use of its already mature industrial chain and supply chain to promote the provincewide interconnection of 5G networks and advance the layout of future industrial chains such as blockchain and quantum communication, said the provincial government.
Zhang Xiaofeng, an expert on Internet Plus and digital economy, said the development of future industries will accelerate China’s transformation to an intelligent economy and the country’s evolution to high-quality growth, ushering in the next long boom cycle.