A Study of the Incremental Trend of the Reserves in Daqing Oilfield and Its Controlling Factors

Daqing Oilfield is the biggest petroleum production base in China, its total production of crude oil accounts for over 40% of the total production of the mainland in the same period, and its exploitation situation directly influences the national-wide supply of the crude oil. In recent years, because the production of Daqing Oilfield gradually decreases and the domestic energy supply falls short, the increase in the production of oil and gas resources draws the attention by the public. This article, based on the collection of a great number of original data form Daqing Oilfield, in combination with the intrinsic characteristics of Daqing Oilfield, adopts the reserve growth prediction method to make an estimate of the newly added recoverable reserve in Daqing Oilfield. The result shows that the newly added resources in Daqing Oilfield present a downward trend, and the time for finally recoverable reserve will be at 2028. This article also analyzes the main controlling factors for the change trend of newly added oil and gas resources from international and domestic respects and draws a conclusion that the fluctuation of international crude oil price and the guiding direction of the domestic policy as well as the technology progress are the main reasons that influence the newly added oil and gas resources in Daqing Oilfield.