A new round of global energy crisis has begun to take shape since 2021. The production and life of residents in all countries have been affected by the shortage of coal, oil and gas and the supply and demand dilemma. At the same time, the latest report released by the International Energy Agency at the Glasgow climate summit requires the world to take climate change and the net zero emission target of 2050 seriously. On the one hand, we need to ensure supply, on the other hand, we need to promote low carbon. The global energy pattern has been profoundly adjusted. How can China cope with this "big test"?
Recently, PetroChina released the 2021 annual social responsibility report (hereinafter referred to as the "report"), which shows that in 2021, 1045.27 million tons of oil proved geological reserves were added, and 1095.1 billion cubic meters of natural gas proved geological reserves were added. At the same time, oil and gas business was carried out in 32 countries and regions around the world. Two major discoveries of 1 billion tons, three major discoveries of 100 million tons and three foundations of "100 million tons" were continuously consolidated in overseas oil and gas exploration.
Under the influence of the international energy crisis and the COVID-19, PetroChina told everyone with data that "energy security is guaranteed, and the market supply is still stable". The reason why PetroChina can shoulder the important task of "ballast stone" for national energy security is the solid foundation forged by PetroChina over the years through green development, scientific and technological innovation and internal and external training.
Green development to ensure high-quality supply of clean energy
In 2021, China will produce about 199million tons of crude oil and 205.3 billion cubic meters of natural gas. According to the report, PetroChina's domestic crude oil output is 103.106 million tons, accounting for 51.8% of the country's total output; The output of natural gas is 137.8 billion cubic meters, accounting for 66.4% of the country's total output.
PetroChina's domestic oil and gas production is more than half of the country's total production, and its advantage lies in the exploration and development link at the most upstream of the industrial chain. The same is true externally. PetroChina has carried out energy cooperation with 19 countries along the "the Belt and Road". In 2021, a number of major oil and gas cooperation projects will be put into operation overseas, and the overseas oil and gas equity output equivalent will remain above 100million tons for the third consecutive year.
"Walking on two legs" at home and abroad has enabled PetroChina to ensure a diversified and stable supply pattern. On the basis of realizing the three "100 million tons" of domestic annual oil and gas production equivalent and overseas oil and gas equity production equivalent for the first time in 2020, PetroChina has continued to stabilize the "rice bowl" of national energy security in the past year.
At present, the global energy demand is growing steadily, but factors such as uncertainty and instability are prominent. Data show that in 2021, China's imported oil accounted for 72% of the total demand, and its external dependence is still high. PetroChina continues to promote international oil and gas cooperation and strengthen communication and cooperation with resource countries, which is not only "open source" for national energy supply, but also promote PetroChina to "go global" and highlight the strength of Chinese brands.
PetroChina is constantly making a "Chinese voice" in the Global Climate Governance Pattern - PetroChina is the only Chinese energy enterprise in the oil and gas industry climate initiative organization (ogci). In 2021, PetroChina jointly signed the ogci strategic reform principles and promised to achieve carbon neutrality (net zero emissions) in its business activities within the time specified in the Paris Agreement.
"Decarbonization" is the general trend of global energy. The energy transformation characterized by high efficiency, cleanness, low carbon and diversification is accelerating. PetroChina's participation conforms to the domestic "30 ? 60" double carbon goal, and represents Chinese energy enterprises to actively respond to climate change, participate in global energy governance, build a community of energy cooperation interests, and become an example of "green first" in the domestic energy industry.
In fact, PetroChina has long incorporated "green and low-carbon" into its development strategy and made clear the overall deployment of "clean substitution, strategic replacement and green transformation". While "stabilizing oil and increasing gas", PetroChina is also building a diversified clean energy supply system.
In 2020, PetroChina's domestic natural gas production accounted for more than 50% of the oil and gas structure for the first time. In 2021, it "pursued the success" and continued to increase exploration and development in the upstream of the industrial chain. Throughout the year, 24.5 billion cubic meters of natural gas production capacity was built. The downstream promoted the comprehensive utilization of natural gas in urban gas, industrial fuel, natural gas power generation and other fields.
It is worth mentioning that PetroChina officially incorporated the new energy business into its main business development in 2021, vigorously promoted the integrated development of geothermal, wind, gas and electricity, promoted the development of the whole industrial chain of hydrogen energy production, transportation, storage, and 39 new energy projects were completed and put into operation. According to the prediction of the International Energy Agency, renewable energy will meet more than 70% of China's additional power demand in the next three years, and the rapid development of onshore wind and solar power generation facilities will continue. PetroChina is responding to social needs, cultivating its own advantages, focusing on new energy, new materials and new businesses, and accelerating the construction of a green development growth pole dominated by oil and gas and complemented by multiple energy sources.
Scientific and technological innovation to promote a sustainable energy future
In PetroChina's new energy business, hydrogen energy has developed brilliantly. During the 2022 Winter Olympics in Beijing, the prince City torch platform lit in Zhangjiakou competition area used green hydrogen independently developed and produced by PetroChina as fuel, which is the first torch that uses green hydrogen as fuel in the nearly 100 year history of the Winter Olympics. At the same time, adhering to the service tenet of "Empowering the Winter Olympics and fueling the future", PetroChina provides three-dimensional support services for the Beijing Winter Olympics from the five fields of "oil, gas, hydrogen, meals and accommodation", and sponsors 200000 tons of emission reduction to help the Beijing Winter Olympics achieve carbon neutrality and practice the concept of "green winter Olympics".
PetroChina's "Winter Olympics highlight moment" also has black technology such as refueling robot. In October, 2021, the first batch of domestic new standard refueling robots serving the Winter Olympics were launched at Chongli gas station in Zhangjiakou, Hebei Province. The robots can automatically complete the operations of opening the fuel tank cap, filling the oil, closing the fuel tank cap, etc., so that car owners can enjoy the convenient and contactless experience of "no getting off in the whole process, no contact service", which has achieved remarkable results during the epidemic prevention and control period.
Behind the black technology is the strategic achievement of PetroChina in continuously promoting scientific and technological innovation and accelerating the application of emerging technologies such as digitalization and artificial intelligence.
A small step in science and technology and a big step in energy supply. Increasing reserves and production under complex geological conditions has always been a hard nut to crack. It is difficult to have low single well production, low oil recovery rate and low oil recovery efficiency. The scientific research team of PetroChina has continuously tackled such problems, innovatively proposed "changing water injection development mode for ultra-low permeability reservoir" and carried out scientific research and test. In 2021, Changqing Oilfield will be built into the first demonstration area for changing the development mode of ultra-low permeability reservoirs in China, and it is predicted that the recovery factor can be increased by 12%.
Scientific and technological innovation is the key driving force to promote the green and low-carbon development of the energy industry. On the way to "carbon neutrality", accelerate the substitution of clean energy from the source, promote the transformation of energy structure and reduce carbon emissions in a permanent way; At the downstream of the industrial chain, optimize production links with technology to save energy and reduce emissions; For those greenhouse gases that have been emitted, we need to use forestry carbon sink and CCUs (carbon dioxide capture, utilization and storage), and then "suck back" the carbon dioxide. Among them, CO2 capture, oil displacement and storage technologies are particularly important.
In recent years, PetroChina has actively developed CCUs technology, which has reached the domestic leading and international advanced level. In 2021, Jilin Oilfield built the first low-cost CO2 circulating injection station in China, with a cumulative injection of more than 4.5 million tons of CO2.
For PetroChina, in the past year, it should not only "capture carbon", but also control methane. Under the framework of ogci, PetroChina initiated the establishment of the "methane emission control alliance of China's oil and gas enterprises" in 2021 to fully promote the methane emission control of the whole industrial chain of the oil and gas industry through technical system construction and platform cooperation. In 2021, China's petroleum methane emission intensity decreased by 8.9% year-on-year, and greenhouse gas emissions decreased by 4.38%.
In addition, PetroChina's scientific and technological innovation achievements have also been applied to the group's internal management. Through the establishment and operation of an intelligent operation center, an industrial Internet system has been preliminarily established. Informatization has gone deep into all business areas, which can ensure the real-time communication and release of various instructions and business processes, and improve operation efficiency.
At present, promoting energy science and technology to achieve a high level of self-reliance and self-improvement has become the general trend to grasp the opportunity of a new round of scientific and technological revolution and industrial reform, win the initiative of innovation and development and ensure national energy security. As a central enterprise, PetroChina has continuously strengthened the research on key core technologies, made every effort to promote scientific and technological innovation breakthroughs, fully played its leading role and demonstrated its responsibility.
Innovation of ideas and creation of shared value
2022 is the last year of the three-year action of state-owned enterprise reform. The effectiveness of PetroChina's transformation can be seen from the report. This brilliant report card shows us the "confidence" of China's energy enterprises to ensure high-quality supply, as well as the determination of the central enterprises to reform.
In 2021, PetroChina compiled and issued a new version of corporate culture manual, which shows that its corporate value concept has evolved to a new height in the new era. For a long time, state-owned enterprises have been controversial because they occupy a dominant position in important areas of the national economy and the people's livelihood, and the public also has a stereotype of them. Nowadays, with the deepening of the reform of state-owned enterprises, state-owned enterprises need an innovation of market-oriented concept in order to become a market subject with core competitiveness. PetroChina's latest value pursuit is defined as "green development, energy dedication, driving force for customer growth and new energy for people's happiness", which is in line with this reform demand - paying attention to the needs of customers and other stakeholders, and paying attention to "altruistic spirit" such as dedication and service.
Idea is the forerunner of action. In pursuit of new values, PetroChina has continuously improved its governance system and improved its governance capability by continuously optimizing its internal management, promoting digital and intelligent transformation, clarifying the latest values, and enhancing the centripetal force of employees with its corporate culture.
Only by actively seeking change and practicing internal skills can we realize the "elephant turn", which is also the internal logic of the continuous growth of PetroChina's performance. In recent years, a series of changes of PetroChina have been constantly breaking the stereotype of the public, and a more responsible and valuable international corporate image has been deeply rooted in the hearts of the people.
Under the general trend of global energy pattern adjustment and great changes in the macro environment at home and abroad, PetroChina is well aware that state-owned enterprises should play a supporting role in resisting macro risks. Aiming at the important strategic opportunity period of the "fourteenth five year plan", PetroChina will continue to focus on developing its main business, continue to strengthen enterprise management, reform and innovation, green transformation and risk prevention and control, make every effort to create a new situation of high-quality development, seek opportunities and development in meeting social needs and common challenges, and continue to move forward towards the "world-class comprehensive international energy company with everlasting foundation".
