Xinjiang Petroleum Geology ›› 2008, Vol. 29 ›› Issue (5): 545-547.

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Oil-Gas Reserves Increasing Trend in Sinopec-Controlled Exploration Areas

HE Hong   

  1. Research Institute of Petroleum Exploration and Development, Sinopec, Beijing 100083, China
  • Received:2007-12-26 Published:2020-10-19

Abstract: Based on the incremental proven oil-gas reserves every year and the relevant discovery history, along with the targets of "the Eleventh Five-Year Plan" and exploration deployment, the conventional oil-gas reserves increasing trend in 25 years to come is predicted using Logistic, Comperts and Hubbert methods. In the present conditions that Sinopec-controlled exploration areas do not change and exploration investment requirement remains the same on the whole, it is predicted that the newly incremental proven oil accumulative reserves will reach 11.28×108 t, newly incremental proven gas accumulative reserves will be 7 100×108 m3 during the period of 2006- 2010; 10.75×108 t to oil, 7 359×108 m3 to gas of 2011-2015; 10.70×108 t to oil, 7 792×108 m3 to gas of 2016-2020; 9.08×108 t to oil, 6 422× 108 m3 to gas of 2021-2025, and 6.81×108 t to oil, 4 495×108 m3 to gas of 2026-2030, all of which shows good potentials for oil-gas exploration in the future in Sinopec-controlled exploration areas.

Key words: oil, gas, proven reserves, prediction, forecast

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