A set of oil and gas data released at the press conference of the State Council Information Office has brought to light the latest progress in domestic energy storage. In the first eight months of 2026, the newly added recoverable reserves of petroleum in China will be nearly 70 million tons, and the newly added recoverable reserves of natural gas will exceed 600 billion cubic meters. The phased achievements of the new round of mineral exploration breakthroughs have exceeded market expectations.

The progress of increasing storage exceeds expectations and is being pushed forward

Since 2026, domestic oil and gas exploration has continued to extend into deep, deep-sea, and unconventional fields. The cumulative oil and gas production equivalent of Shunbei oil and gas field in the past decade has exceeded 18 million tons, and the daily production of crude oil from a single well in Bozhong 19-6 condensate gas field is nearly 400 cubic meters. Multiple main blocks have successively achieved breakthroughs in high-quality reserves. The Ministry of Natural Resources disclosed that from January to August, the country's newly added recoverable oil reserves were nearly 70 million tons, and the newly added recoverable natural gas reserves were 610 billion cubic meters, both of which exceeded the progress targets set at the beginning of the year.

In contrast to the trend of gradually depleting shallow conventional resources, new reserves are rapidly concentrating in incremental fields such as shale oil and gas and deep-sea oil and gas. The proven reserves of shale gas in Ziyang Dongfeng shale gas field alone exceed 230 billion cubic meters, and the proven reserves of oil in Qinhuangdao 29-6 oilfield exceed 54 million tons, becoming the core supporting force for this round of reserve increase.

Continuous reinforcement of energy security foundation

With the implementation of increased storage, the foundation for stable domestic oil and gas production has been further consolidated. In 2026, domestic crude oil production will remain stable at around 220 million tons, natural gas production will steadily increase, and energy self-sufficiency rate will continue to improve. Combined with the integrated layout of upstream and downstream of domestic oil and gas enterprises and the popularization of digital intelligent mining technology, the anti cyclical ability of domestic oil and gas development has been significantly enhanced.

This round of breakthroughs in oil and gas storage not only increases the number of reserves, but also further expands the buffer space for domestic energy supply, providing a bottom line for supply security in the subsequent energy transformation process. Keywords: petroleum, oil and gas resources

The achievements of a new round of breakthroughs in mineral exploration are still being released, and the depth of domestic oil and gas resources protection is gradually expanding.Editor/Cheng Liting