According to the roadmap in 2018 work conference, Chinese CNOOC in efforts to achieve the "13th Five-Year" planning objectives based on two stages advance to 2050 fully completed Chinese characteristics of international energy companies. In 2018, in order to plan the future development of the company with the main line of reform and transformation, we should push forward the reform a little more, and push the pace of the transformation a little faster.
According to the international standard of oil and gas industry, the temperature index of 150 C and 175 C, 200 c and 260 C and the pressure index of 69 MPa, 103 MPa, 138 MPa and 207 MPa respectively corresponding to the four range, from low to high respectively under normal or high temperature and high pressure and ultra high temperature and high pressure, high temperature and extreme pressure.
In recent years, with the increasingly scarce oil and gas at ambient temperature and atmospheric pressure, the high temperature and high pressure interval with wide distribution of resources has become one of the important areas of oil and gas exploration and development. The major oil and gas discoveries in the world come from 1/3. The South China Sea is located at the junction of three Eurasian, Pacific and Indo Australian plates. It is also known as the three largest offshore high temperature and high pressure sea area in the United States, the Gulf of Mexico and Beihai.