Recently, there have been frequent good news in the exploration and development of shale oil in Shengli Jiyang, which is inspiring.

The indicators have reached a new level. Reported controlled reserves of 223 million tons, proven reserves of 117 million tons, newly built production capacity exceeding 300000 tons, daily oil production exceeding 1600 tons, annual output exceeding 500000 tons, and completing the production target task of the demonstration zone construction one year ahead of schedule; The investment in single well development has significantly decreased, and the shale oil in Minfeng Depression has achieved the goal of efficient development.

Make new progress in understanding. Shengli Oilfield has revealed the enrichment mechanism of shale oil in Jiyang, proposed the understanding of the "storage, fracture, and pressure" ternary storage and permeability theory, and preliminarily clarified the enrichment and high-yield laws of shale oil in Jiyang; Further clarification has been made on the "sweet spots" and "honey spots" areas and layers of various shale oil basins in Jiyang, with preliminary implementation of over 2 billion tons of "honey spot" reserves, and a clearer strategic deployment strategy.

Technology has reached a new level. The shale oil fast drilling technology continues to iterate and improve, with an average drilling cycle of 32.8 days at a depth of 6000 meters and a target box drilling encounter rate of over 98%; Breakthrough in low-cost dense cutting volume fracturing technology, with fracturing costs reduced from 25000 yuan/meter to below 15000 yuan/meter; The breakthrough in shale oil surface gathering and transportation technology has formed a fully enclosed and skid mounted shale oil surface gathering and transportation process, achieving the green goal of zero emissions.

In 2025, Shengli Oilfield will further integrate exploration and development, deepen the work of shale oil, form a shale oil development technology system and efficient management mode, and support the scale and efficiency development of shale oil in Jiyang.