The annual gas production of Southwest Oil and Gas Field has exceeded 20 billion cubic meters.

As of May 21st, the Southwest Oil and Gas Field has achieved a cumulative production of over 20 billion cubic meters of natural gas this year. This is another milestone surpassed after reaching the first 10-billion-cubic-meter production on March 11th.

The conventional "ballast stones" firmly establish the foundation. In the face of the dual challenges of increasing production from bottom water reservoirs and controlling water outflow, the company implemented "underground integration" for coordinated operations, solving multiple key technical problems. The rapid commissioning of new wells and the continuous discovery of new formations provided solid support for the increase in production.

The aging gas field is "rejuvenating" by tapping into its existing potential. The company has launched a new round of "gas reservoir detailed survey", using big data to precisely identify the distribution areas of remaining gas; it is also actively carrying out measures such as drainage gas production and booster gas lift operations to ensure that the old area can increase recovery rate and achieve comprehensive management for reservoir expansion.

Precise management enhances system efficiency. The company emphasizes organizational support, strengthens the synergy between technology and economy, deepens the construction of the market-oriented mechanism for well engineering, innovates the new model of collaborative pricing between Party A and Party B, and further supports the production growth through scale benefits.