Sinopec Abolishes Supervisory Board

Sinopec recently announced that it has formally abolished its supervisory board following the resolution of its 2025 Second Extraordinary Shareholders’ Meeting. The meeting approved revisions to the Company’s Articles of Association, the rules of procedure for shareholders’ meetings and the board of directors, as well as proposals to cancel the supervisory board and reduce registered capital. From the conclusion of the meeting, the supervisory board will no longer be established, and its statutory functions will be transferred to the Board Audit Committee. All supervisors confirmed that there were no matters requiring shareholders’ attention. Notably, PetroChina also abolished its supervisory board at an extraordinary shareholders’ meeting in December 2025.

Academician Station Launched at Tarim

On December 19, the Yang Shufeng Academician Workstation was officially inaugurated at PetroChina’s Tarim Oilfield Company, marking the establishment of the first academicians’ workstation in Bayingolin Mongol Autonomous Prefecture. Yang Shufeng’s team is a leading force in China’s geoscience research, with major contributions to structural geology and plate tectonics. Notably, the discovery of the Early Permian large igneous province within the Tarim block has provided critical theoretical support for understanding deep basin structures and hydrocarbon evolution. The workstation will strengthen industry–academia collaboration and help address key challenges in ultra-deep oil and gas exploration at Tarim Oilfield.

Breakthrough in Ultra-Deep Reservoir Prediction

On December 13, it was learned from the Tarim exploration area that the Gas Development Research Department of BGP’s Tarim Geophysical Research Institute has overcome a key technical challenge in removing coal seam interference in ultra-deep thin reservoirs. Coal seams, with variable thickness and complex distribution, have long hindered seismic identification and reduced prediction accuracy. Through sustained research and testing, the team developed a mature coal-removal technique that significantly improved reservoir identification. Field results show sandstone thickness prediction errors reduced from 4.8 meters to 1.2 meters, while hydrocarbon drilling success rates rose from 55% to 87%, effectively cutting drilling costs and supporting efficient gas development in the Kuqa piedmont area.