Achievements and future work of oil and gas production engineering of CNPC

This paper summarizes the latest achievements and technological progress in oil and gas production engineering of China National Petroleum Corporation (CNPC) and discusses the main four challenges faced: developing low quality resource at low oil price; keeping stable production of mature oilfields when well oil production drops year by year; low systematic efficiency, high cost, prominent environmental protection issue and short of technological strategy for high water cut ratio and high oil recovery ratio oilfields; and lacking of high level horizontal well drilling and completion technology to develop unconventional and deep reservoirs. Three technological development directions to address these challenges are put forward: developing fracture controlling stimulation and well factory to produce low quality resource economically, developing re-fracturing technology for old wells in mature oilfields, promoting the fourth generation separate layer water injection technology to stabilize the production of mature oilfields; innovating new technologies of water flooding with nano-material, injecting and producing through one well.