Multi-energy Drive: The Integration of Oil, Gas, and New Energy at the Yumen Oilfield

Yumeng Oilfield remains committed to reinforcing its resource foundation as its top priority project. It emphasizes centralized exploration, strengthens refined exploration, and advances risk exploration. Oil and gas exploration achieves large-scale and efficient reserves growth in the Huanqing and Ningqing areas, while risk exploration in the Jiadong and Jiawei regions achieves "both wings flying." Yumeng Oilfield is fully dedicated to the three major projects: the Huanqing 400,000 tons of profitable production, the Ningqing natural gas efficient production, and the "ballast stone" of the old oilfields. The company has exceeded its goals for proven oil and natural gas reserves, SEC reserves, and achieved a new high in recent years, while also realizing a "hard decline" in both unit operation costs and total costs.

Yumen Oilfield delves into in-depth research, promoting the integrated development of oil, gas, and new energy sources, accelerating the transformation from a traditional energy enterprise to a comprehensive "oil-gas-electric-hydrogen" energy company, with a stronger foundation for the development of new energy businesses.