text | Lintianhu
Although the clear and cool autumn season has arrived, the oil industry has set off a wave of heat.
On September 10, 2019, China Petroleum Group launched its 2020 campus recruitment. Official data shows that the total number of students recruited in this fall is as high as 5,661, increased by 61% from last year, and the highest since the oil price plummeted in 2014.
The hot recruitment seems to be announcing that the summer of the oil and gas industry has arrived.
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Popular oil recruitment
Judging from the data currently released, in this round of recruitment of China National Petroleum Corporation, the recruitment of oil field enterprises is the most popular .
Among them, Changqing Oilfield Branch recruited 350 people this year, the highest among all companies. According to the autumn campus recruitment notice issued by China National Petroleum Corporation in 2019, the Changqing Oilfield Branch recruited only 130 people last year.
In this year, the number of recruits for Daqing Oilfield Co., Ltd. , Tarim Oilfield branch, and Xinjiang Oilfield branch all reached 300. Qinghai Oilfield Branch, Dagang Oilfield Branch, Southwest Oil and Gas Field Branch, and Tuha Oilfield Branch all have a considerable number of recruits.
At the same time, the recruitment of oil service engineering companies has also seen a large-scale growth. Among them, the number of recruits from Western Drilling Engineering Co., Ltd. reached 140, Bohai Drilling Engineering Co., Ltd. and Chuanqing Drilling Engineering Co., Ltd. exceeded 130, and Oriental Geophysical Exploration Co., Ltd. reached 100.
In addition, the total number of people recruited by refining and chemical companies is also quite considerable, reaching a total of 1,451 people. Daqing Petrochemical, Jilin Petrochemical, Lanzhou Petrochemical, and Dushanzi Petrochemical all have reached 100 or more.
Since 2014, due to the fluctuations in international oil prices, the development of the oil and gas industry has fallen into a downturn. Many oil and gas companies around the world have cut their staff. In China, many oil companies have also significantly reduced the number of people recruited by campuses every year. The increase in the number of students recruited by China Petroleum in 2020 has injected a shot in the employment market of the oil and gas industry.
It is worth noting that behind the hot recruitment this year, there is a rush of progress in the domestic oil and gas industry.
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The rapid development of oil and gas mining
With the promotion of the country's strategy of "increasing domestic oil and gas exploration and development", China's domestic oil field gas production has ushered in a rare busy situation. , and this busyness may continue for a long time in the future.
Since last year, China Petroleum's oil and gas drilling work has seen a significant increase. For example, in the shale gas production area in Sichuan, China Petroleum’s own drilling team can no longer meet the development of its drilling work.
To this end, China Petroleum has also mobilized a large number of external enterprises to participate in shale gas drilling in Sichuan area, including Sinopec Central Plains Drilling, Anton Oil Service, Beken Energy, etc. The latest data from
shows that in the first half of this year, Sichuan Qing drilled Sichuan-Chongqing shale gas, with a total of 51 drilling rigs, drilling a total of 91 wells and completing 450,800 meters of footprint, an increase of 97% and 119% respectively over the same period last year; the number of fracturing wells reached 17, with a total of 62 wells and 1210 section fracturing construction, an increase of 44.2% and 23.6% respectively over the same period last year.
And in the next few months, greater workload will also come.
htmlOn August 16, CNPC Oil Service issued the "Notice on Carrying out Winter Drilling Construction", marking that its 2019 winter construction officially entered the preparation stage.According to the plan, CNPC Oil Service will deploy 800 drilling rigs this winter for winter drilling, an increase of 200 compared with last year. Moreover, the construction scale target for this winter is 8 million meters, which is 1.5 million meters more than last year.
In the past few decades, the Qinghai Oilfield, Changqing Oilfield, Xinjiang Oilfield, etc. located in the northern region have generally stopped work and winter breaks by the end of October. Since 2018, China Petroleum has started winter construction to ensure the country's oil and gas supply.
2019 is the second year that China Petroleum has fully launched winter construction. The expansion of the construction scale this year also means that from now on, all oil fields in China Petroleum will have no construction gaps.
The "summer" of production is staged in the winter of the oil field, and the turning point of the industry will begin.
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Jing reports frequently
In this year, the main oil and gas fields of China Petroleum, generally showed a strong development trend.
Changqing Oilfield , in the first seven months of this year, it drilled 14 high-yield gas wells with unimpeded flow of more than one million cubic meters, setting a record for the same period in previous years. The total number of high-yield dense wells it has drilled has reached 196.
At the same time, from 2018 to early August 2019, 192 horizontal wells were drilled in Changqing Longdong Shale Oil Demonstration Zone and put into production 73. This year's cumulative shale oil production has exceeded 100,000 tons, becoming the largest shale oil development demonstration zone in China.
Studies have shown that the amount of shale oil resources in the Ordos Basin accounts for 25% of the total resources, which is the most realistic replacement resource for Changqing Oilfield to produce 563 million tons of oil and gas equivalent annually.
In Sichuan Province, China Petroleum has drilled multiple high-yield gas wells with daily production of over 1 million cubic meters this year. Among them, the shale gas well Lu203, located in , Luzhou, , is the first shale gas well in China with a daily output of more than 1 million cubic meters.
Evaluation data released by the Ministry of Natural Resources shows that the total natural gas resource in Sichuan Basin is 38.84 trillion cubic meters, and the proven reserves have been 3.73 trillion cubic meters, with a proven rate of 9.6%. It is the basin with the most potential for natural gas exploration and development in my country.
htmlOn August 1, China Petroleum released the "Development Plan for Natural Gas Production of 50 billion yuan in Southwest Oil and Gas Fields". According to the plan, the Southwest Oil and Gas Field will build a strategic atmospheric zone of 30 billion cubic meters of annual gas by 2020 and a 50 billion cubic meters of gas by 2025.In the Xinjiang region, in , Tarim Oilfield obtained 19 wells with more than 100 tons tested from August 2018 to August 2019, and in July this year it set a record for the first onshore deep well in Asia.
According to the plan, a total of 191 development wells have been deployed in the Tarim Oilfield this year, and the annual oil and gas output equivalent will strive to reach 28.3 million tons, an increase of 1.57 million tons over 2018.
Overall, in the first half of this year, China Petroleum's domestic crude oil production increased by 1.4% year-on-year, the first rebound since the four consecutive years of decline; natural gas production increased by 10% year-on-year, achieving double-digit growth for the first time in the past 10 years.
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Thorny Road in summer
But it cannot be ignored that this round of oil and gas battle, is destined to be an easy battle .
From a market perspective, in the past three years, international oil prices have mainly been in the range of US$50~80 per barrel. From January 2019 to September, the average price of Brent crude oil is about $65 per barrel.
2019 Brent oil price trend
This price level determines that the profits of the oilfield mining industry are much lower than those 10 years ago, and this may also be a situation that will continue in the next few years.
Looking at the global crude oil market, there is still no sign of strong growth in oil demand. On the contrary, due to negative factors such as international trade challenges and global economic weakness, many institutions have lowered their forecasts for oil demand.
. On the crude oil supply side, the International Energy Agency (IEA) recently released a forecast that U.S. tight oil production will continue to rise to 2025. This undoubtedly adds unknown to the future of oil prices.
From the perspective of production, the difficulty of exploration and development of domestic oil and gas resources is also continuing to increase. The development of the main domestic oil and gas fields is not only increasing towards tight oil and tight gas with lower rock permeability, but also increasing depth of burial of its target resources.
It is understood that there are shale gas wells with a depth of more than 6,000 meters in Sichuan; and in 2019, the record of Asia's deepest well was refreshed four times by China Petroleum and Sinopec.
While oil and gas production continues to heat up, how to effectively control the cost of oil and gas extraction and survive in an oil price environment where "storms" may occur at any time will be a challenge that the oil and gas mining industry needs to deal with.
In order to fight this oil and gas battle well, a series of major measures have been introduced at both the enterprise and the national level.
In terms of enterprises, the three major domestic oil companies have started rare exploration and development cooperation.In July this year, China Petroleum and Sinopec signed an agreement to conduct joint research on Tarim Basin, Junggar Basin and Sichuan Basin; in April, China Petroleum also signed a cooperation contract with China National Offshore Oil Corporation for the South China Sea Beibu Gulf 23/29 and Beibu Gulf 24/11, becoming the first cooperation between the two parties in the field of domestic offshore oil and gas exploration and development.
In order to further promote domestic oil and gas exploration and development, on July 30 this year, the country also lifted restrictions on oil and gas exploration and development limited by joint ventures and cooperation. This means that foreign oil companies can independently invest in oil and gas field exploration and development in China in the future, further breaking the monopoly pattern of upstream oil and gas industries.
The summer of the domestic oil and gas industry has arrived, and more people will participate, but the one ahead is also a thorny road.
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