Petrochina Tarim Oilfield Company Risk Report

🏗️ Operational & Business Continuity

PetroChina Tarim Oilfield Company demonstrates robust operational activities with successful completions and developments in ultra-deep and large-scale oil and gas projects, signifying an emphasis on maintaining and enhancing their operational capabilities. The completion of remarkable infrastructural achievements could contribute to the company’s ongoing operational stability and expansion into deeper reservoirs.

• PetroChina accomplished the construction of China's largest ultra-deep oil and gas field in the Tarim Basin on 🗓 2023-09-06.
• The company completed drilling Asia's deepest horizontal well in Northwest China, addressing the complexities of ultra-deep drilling, on 🗓 2023-03-10.
• In a major development from 🗓 2023-11-07, a new colossal project commenced operation in China's largest ultra-deep oilfield.
• The significant solar farm in the Tarim Oilfield generated over 105 million kWh of green power as of 🗓 2023-09-10.

📜 Innovation & R&D

The company is actively advancing in research and development, focusing on innovative methods and technologies for oil and gas exploration and resource management. Their commitment to innovation underlines a strategic approach to future-proofing operations and gaining competitive advantages through technology advancements.

• Engineers from PetroChina contributed to a carbon capture masterclass for a Chinese delegation on 🗓 2025-01-16, showcasing their expertise in cutting-edge environmental technologies.