The “Fifteenth Five-Year Plan for Oil and Gas Development” issued by the National Development and Reform Commission and the National Energy Administration clarifies the development direction and key tasks of China's oil and gas industry in the next five years. The “Plan” anchors the two major tasks of ensuring energy security and green and low-carbon development. It makes systematic arrangements to enhance the autonomous protection capabilities of oil and gas, promote the integrated development of oil and gas and new energy, and cultivate new momentum for industrial development, and provides important guidelines for speeding up the construction of a modern oil and gas industry system. As an important basic energy source and industrial raw material, oil and gas are related not only to national energy security, but also to the construction of modern industrial systems. Currently, the global energy landscape is being profoundly adjusted, construction of new energy systems is being accelerated, and domestic oil and gas exploration and development targets are continuously expanding into deep, ultra-deep, deep water, and unconventional fields. Resource conditions are more complex, and further exploration of resource potential places higher demands on technical capabilities. Only by continuing to break through technical bottlenecks such as resource understanding, exploration and development, and engineering equipment can we transform more resources that are difficult to discover and use into actual production capacity and consolidate the domestic oil and gas supply base.

The “Fifteenth Five-Year Plan for Oil and Gas Development” issued by the National Development and Reform Commission and the National Energy Administration clarifies the development direction and key tasks of China's oil and gas industry in the next five years. The “Plan” anchors the two major tasks of ensuring energy security and green and low-carbon development. It makes systematic arrangements to enhance the autonomous protection capabilities of oil and gas, promote the integrated development of oil and gas and new energy, and cultivate new momentum for industrial development, and provides important guidelines for speeding up the construction of a modern oil and gas industry system. As an important basic energy source and industrial raw material, oil and gas are related not only to national energy security, but also to the construction of modern industrial systems. Currently, the global energy landscape is being profoundly adjusted, construction of new energy systems is being accelerated, and domestic oil and gas exploration and development targets are continuously expanding into deep, ultra-deep, deep water, and unconventional fields. Resource conditions are more complex, and further exploration of resource potential places higher demands on technical capabilities. Only by continuing to break through technical bottlenecks such as resource understanding, exploration and development, and engineering equipment can we transform more resources that are difficult to discover and use into actual production capacity and consolidate the domestic oil and gas supply base.