The National Development and Reform Commission and the National Energy Administration issued the “Fifteenth Five-Year Plan for Oil and Gas Development”, which states that maintaining the intensity of development investment will support the construction of new production capacity. Accelerate large-scale development of deep ultra-deep oil and gas. Promote breakthroughs in unconventional oil and gas, accelerate the utilization of reserves, development and production, and achieve large-scale efficient development of shale oil, shale gas, and deep coalbed methane. Implement an offshore oil and gas upgrade project to push the equivalent of offshore oil and gas production to 100 million tons. Implement ballast stone projects for old oil and gas fields to promote long-term stable production in old oil fields such as Daqing and Shengli. Do a good job in efficient construction and production in the new area, and promote the speeding up production of new oil fields such as Bayan and Jilantai.

The National Development and Reform Commission and the National Energy Administration issued the “Fifteenth Five-Year Plan for Oil and Gas Development”, which states that maintaining the intensity of development investment will support the construction of new production capacity. Accelerate large-scale development of deep ultra-deep oil and gas. Promote breakthroughs in unconventional oil and gas, accelerate the utilization of reserves, development and production, and achieve large-scale efficient development of shale oil, shale gas, and deep coalbed methane. Implement an offshore oil and gas upgrade project to push the equivalent of offshore oil and gas production to 100 million tons. Implement ballast stone projects for old oil and gas fields to promote long-term stable production in old oil fields such as Daqing and Shengli. Do a good job in efficient construction and production in the new area, and promote the speeding up production of new oil fields such as Bayan and Jilantai.