Relying on advantages of the integration of ZPEC drilling and completion engineering services and oil equipment manufacturing, Zhongman Group has focused on many oil and gas exploration and production projects in the oil and gas enrichment areas along the domestic and foreign "One Belt and One Road", and actively arranged the exploration and production business, and has made a series of gratifying breakthroughs. It has completed the bidding, tendering, exploration, discovery and trial mining of Xinjiang Wensu Project, becoming the first private enterprise to obtain oil and gas exploration rights and the first private enterprise to pass the review of new domestic oil and gas reserves and shore exploration project of nearly 300 million tons and 120 million tons of petroleum geological reserves approved by the government.
In 2020, Zhongman Group added a new proven oil content area of 8.39 square kilometers, proven petroleum geological reserves of 30.11 million tons, new proven dissolved gas geological reserves of 304 million cubic meters, gas content area of 2.23 square kilometers, and natural gas geological reserves of 449 million cubic meters (Block 7, North Wensu Oilfield, Xinjiang Wensu Project). It had produced 146,100 tons of crude oil and 11.82 million cubic meters of natural gas.
Relying on the national policy advantages, the strategic focus is on the "Belt and Road" oil and gas enriched regions with rich oil and gas resources and strong newly discovered reserves, such as Xinjiang, Central Asia, the Middle East, Russia and other regions.
Preferential exploration and development zone block based on large oil and gas area, large basin and oil and gas enrichment zone.
Focus on conventional oil and gas resources, adhere to the basic idea of combining short-term projects with medium-term and long-term projects, and focusing on natural gas business development in the medium-term and long-term term.
Focus on the oil and gas fields to be developed the secondary development of old oil fields, improve the recovery rate, and appropriately carry out high-quality block exploration business.