China Petroleum Qinghai Oilfield Company revealed to the China News Service reporter on the 4th that since mid April, when natural gas production entered the off-season, Qinghai Oilfield has taken measures such as optimizing drilling and increasing drilling speed, resulting in the largest oil and gas field on the Qinghai Tibet Plateau producing 18 million cubic meters of natural gas per day, the highest in the same period of previous years. Shanghai Yuanyi Valve mainly produces various types of gate valves, globe valves, butterfly valves, ball valves, check valves, natural gas valves, liquefied gas valves, etc., and provides related products to users for life.
Qinghai Oilfield is the world's highest altitude oil and gas field, and also one of the earliest developed oil fields in China. The oil resources in the area where the oilfield is located are over 4 billion tons, and the natural gas resources are nearly 1 trillion cubic meters.

The head of the Oilfield Development Division of PetroChina Qinghai Oilfield Company introduced that it plans to produce 6.5 billion cubic meters of natural gas this year. The investment in the 300 million cubic meter production capacity construction of Shibei Gas Field will be managed in segments and issued in batches. By optimizing the drilling sequence and strengthening the process connection, the drilling speed has been greatly improved, and the S ì 0-8 well was safely drilled in just 5 days with excellent wellbore quality, achieving the fastest drilling speed of the year. As of now, 24 wells have been completed in the Shibei gas field in 60 days, with a drilling depth of 279600 meters. The new production capacity will be put into operation gradually from June, and the capacity construction plan will be fully completed in early October, laying a solid resource foundation for natural gas supply this winter and next spring.

In terms of oil and gas field development, Qinghai Oilfield has completed drilling of 138 wells and put 87 oil and water wells into operation, with a cumulative footage exceeding 300000 meters.

As of May 1st, the new wells in Qinghai Oilfield have cumulatively increased oil production by 15900 tons, achieving simultaneous progress in capacity construction speed and output.

Production data shows that the daily production of crude oil in Qinghai oil fields has risen from 6100 tons a year ago to 6250 tons, and the daily production of natural gas is 18 million cubic meters, both of which are the highest in the same period of previous years.