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“During the 14th Five-Year Plan, my country’s oil and gas reserves increased significantly and production increased steadily.

2026-05-11View Original

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  On April 29, it was learned from the regular press conference of the Ministry of Natural Resources that during the "14th Five-Year Plan", my country's oil and gas reserves have increased significantly and production has increased steadily. 225 new large and medium-sized oil and gas fields have been discovered. Oil production has stabilized at 200 million tons. Natural gas production has increased year after year. Oil and gas exploration has achieved strategic expansion from shallow to deep, and from land to ocean.   It is reported that the Ministry of Natural Resources, in conjunction with relevant departments, has made oil and gas the top priority in a new round of strategic actions for mineral prospecting breakthroughs. A total of nearly 450 billion yuan has been invested and a series of major breakthroughs have been achieved. “During the 14th Five-Year Plan period, a number of large and medium-sized oil and gas fields were newly discovered in my country, and reserves increased rapidly. There were 225 newly discovered large and medium-sized oil and gas fields, including 13 100-billion-ton oil fields and 26 100-billion-square-meter gas fields. The newly proved geological reserves of oil and hydrocarbon natural gas increased by 51.7% and 44.2% respectively compared with the "13th Five-Year Plan". The new proven geological reserves of deep coalbed methane exceeded 1 trillion cubic meters, exceeding the total cumulative proven geological reserves of shallow coalbed methane in history. In 2025, shale oil submitted proven geological reserves in 8 oil fields in five major basins for the first time, accounting for 38% of the newly added proven geological reserves of oil that year. Unconventional oil and gas exploration has become a new engine driving the high growth of proven oil and gas reserves.   Thanks to the substantial increase in proven reserves, my country's oil production has stabilized at more than 200 million tons per year during the "14th Five-Year Plan" period. In 2025, national crude oil production will reach 216 million tons, a record high ; Natural gas production exceeded 260 billion cubic meters, with annual production increasing by more than 10 billion cubic meters for nine consecutive years. Among them, shale oil production exceeded 8.5 million tons and shale gas production stabilized at more than 27 billion cubic meters, becoming an important supplement to increasing reserves and production. The total oil and gas production reached 420 million tons of oil equivalent. * * Energy security plays an important role.

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