YCPC, one of China's largest oil and natural gas producers, reported production of approximately 11.7 million tonnes of crude oil and 10.4 billion cubic meters of natural gas as of Saturday.
The company's production operations are primarily concentrated in the cities of Yan'an and Yulin in the northern part of Shaanxi.
After more than a century of extraction, most of the remaining reserves are unconventional, making further extraction increasingly challenging
To address these challenges, YCPC has focused on leveraging technology to efficiently explore oil and gas layers within complex geological formations, while accelerating its digital transformation.
"By integrating digital oilfields, gas fields, pipelines, and engineering processes into the exploration and extraction process, we can reduce both exploration costs and carbon emissions," said Wang Xiangzeng, principal scientist of YCPC.
"We remain committed to our core oil and natural gas business, with efforts to expand production capacity, including an increase of 1.227 million tonnes of oil and 2.8 billion cubic meters of natural gas," said Zhang Kaiyong, chairman of YCPC.
