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Wen/Hui Xin Li Jia

Editor/Huixin Lijia

Oil is known as "black gold" and is one of the most important resources in the world todayHas a profound impact on the global economy. It is not only the main power source of industrial production and transportation, but also plays an indispensable role in agriculture, chemical industry, medicine and other fields.

Since the beginning of the last century,American exploration teams and Japanese military geologists have conducted several oil exploration in ChinaThey all returned empty-handed, and even concluded internationally that China is a "poor oil country".Until the discovery of Daqing Oil Field in 1959,Only then can the situation change. Subsequently, the discovery of oil fields gradually enabled China to basically achieve self-sufficiency in oil production.

Today, due to the rapid economic development in China,There is a huge demand gap for energy, and a large amount of oil is imported every year. In 2019, good news came,Qingyang County has found a large oil field of 1 billion tons, which is the largest Shale oil oil field in China.This discovery adds wings to the development of oil and gas fields in China.

Qingyang Petroleum

Qingyang, located in the east of Gansu Province, was originally a small county town,It is a typical loess plateau landform with flat terrain and severe soil erosion.In the late 1970s, Qingyang District was established. In 2002, the city was removed from the district and officially became a Prefecture-level city.

The area is rich in oil resources and is one of the main exploitation areas of Changqing oil field. This discoveryThe super large oilfield is only a part of Changqing oil field.

Changqing oil field has made remarkable achievements after decades of continuous development and exploration since its exploration began in 1950 and officially exploited in 1970.The total area of Changqing oil field is about 370000 square kilometersThe development area spans five provinces including Shaanxi, Ningxia, Gansu, Inner Mongolia, and Shanxi.The annual output of Changqing oil field has always ranked first in China.According to statistics,Changqing's oil and gas production in 2022 exceeds 65 million tons, accounting for over a quarter of China's onshore crude oil production.

The oil stock of Changqing oil field exceeds 8.5 billion tonsThe first big oil field in China, the famous Daqing Oil Field, has been put into productionThe cumulative production of oil is 2.5 billion tons, which is more than three times that of Changqing oil field. As the largest offshore oil field in China, Bohai Oilfield has reachedToday's cumulative output is 500 million tons, more than 15 times that of Changqing oil field.

However, Changqing oil field is located in the Ordos Basin,It is a typical low permeability, low pressure, and low abundance oil and gas resourceAnd because oil and gas reservoirs are dense, it is difficult to extract them. And our researchersContinuously conducting technical breakthroughsInnovative technology has been developed, including optimized and fast drilling for horizontal wells and industrialized volume fracturing,And successfully explored a super large oil field in Qingyang.

Impact on Qingyang

The discovery of 1 billion ton oil field in Qingyang has a profound impact on the region.This huge oil field reserves will bring many aspects of economySocial and environmental impacts are driving regional development and change.

The development and utilization of oil fields will drive a large number of related industrial chains,Including petroleum exploration, extraction, processing, transportation, and other linksIn order to create employment opportunities, improve people's income levels, and promote the rapid development of local economy. The Rise of the Oilfield IndustryIt will also attract more capital, technology and talents to QingyangPromote the upgrading and transformation of local industries, and enhance the comprehensive competitiveness of the region.

The exploration and extraction of petroleum resources is a highly profitable and value-added industry,Qingyang City will obtain a large amount of financial revenue through taxation and resource utilization fees. In 2022, Qingyang's GDP will be about 102.2 billion yuan,The latest international crude oil price is 77.2 US dollars per barrel, with 1 billion tons of approximately 7 billion barrels, equivalent to 540.4 billion US dollars(approximately RMB 3896.3 billion), these funds can be used to improve infrastructure construction, enhance public service levels, improve people's living conditions, and promote social development and the improvement of people's well-being.

Oilfield development requires various professional talents, such as engineering and technical personnel, geological exploration personnel, oilfield management personnel, etc. Qingyang will face the challenge of talent introduction, training and retention, and needs to increase investment in talent training and education,Build relevant vocational education institutions and training bases to provide guarantees for local talent reserves and mobility.

Because it can bring such a significant impact,So some people say Qingyang can become the next Dubai. So, is it really that simple,Relying solely on the vast amount of oil resourcesIs it possible for a small inland city in China to become the capital of one of the seven emirates of the United Arab Emirates that are obsessed with luxury?

Development of Dubai

Dubai discovered its first oil well in the early 1960s. In the following decades,Utilizing oil resources, Dubai has achieved rapid economic growth and wealth accumulation. The discovery of oil fields has brought huge oil revenue to Dubai, providing strong financial support for the modernization and infrastructure construction of the city.Dubai begins large-scale investment in the construction of high-rise buildingsLuxury hotels, modern transportation facilities, and advanced ports have gradually formed a modern international city.

However, DubaiThe wisdom lies in its failure to place all its economic dependence on oil.Dubai's leadership is aware of the limited oil resources and the volatility of the global energy market, so it has begun to adopt an active diversified development strategy. They invest heavily in other industries,Including finance, real estate, tourism, aviation and other fieldsTo reduce dependence on the petroleum economy and promote sustainable development of cities.

The financial industry is one of the important pillars of Dubai's economic diversification.Dubai's specially established financial free zoneRelying on a sound financial system, sound guarantees, and excellent services, it has become the preferred destination for banks, insurance companies, and investment institutions in many countries around the world to expand overseas. Financial transactions and investments are becoming increasingly prosperous,Becoming one of the financial centers in the Middle East and even the world.

..From an artificial island to the world's tallest building, the Burj Khalifa,...

..Dubai's World Island, Palm Island, and Dubai Fountain projects have become internationally renowned tourist attractions..

.The Petroleum industry currently accounts for only a small part of Dubai's economy, while the non oil industry has become the main economic pillar..

.Policies such as promoting commercial liberalization, reducing taxes, and establishing legal protection mechanisms..

Dubai has developed to its current position, but the role of oil is already very small...

Based on the discovery of oil fields,Qingyang can actively promote the transformation of economic structure and the adjustment of development strategy.

.While taking the traditional Petroleum industry as the pillar industry, we will vigorously develop other strategic emerging industries..

...

..Production of oil drilling equipment, oil pipeline equipment, etc.Reduce production costs, improve equipment quality and performance..

.Improve the production capacity and product quality of the industry.Meeting the needs of domestic and international markets..

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Environmental protection and sustainable development issues:The development and production of mega oil fields inevitably have a certain impact on the environment..

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