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As of November 14th, Zhongyuan Oilfield has put into operation 115 new wells this year, with a cumulative oil production exceeding the planned operation by 5500 tons, an increase of 25500 tons compared to the same period last year, completing 110% of the annual planned production and achieving a new high in new well production in the past 8 years, laying a solid foundation for completing the annual production task. Among them, 30 new wells have an average daily oil production of over 10 tons.

The new well is an important guarantee for production succession and an important battlefield for the long-term stable production of oil fields. Since the beginning of this year, Zhongyuan Oilfield has solidly carried out thematic actions, anchored annual reserves and production capacity targets, and focused on "fewer wells and higher production". Through deepening geological research, conducting precise well location verification, strengthening process innovation, and accelerating organizational operation, the construction of new well production capacity has exceeded the plan. Conduct a good demonstration of new well design, combined with expert opinions from multiple sources such as oil production and ground support, and continuously increase the optimization of new well production plans. Based on factors such as residual oil distribution, formation energy, and water well matching conditions, a comprehensive evaluation is conducted to optimize the production plan, enhance the effectiveness of new well production, and effectively improve the overall production efficiency.