(Source: "Petroleum Business Daily" - "Double Carbon Three New Weekly" 2025-10-19 Page 5)
Dong Xiucheng
On September 22, 2020, at the general debate of the 75th United Nations General Assembly, Chinese President Xi Jinping solemnly announced: "China will increase its nationally determined contributions, adopt more powerful policies and measures, strive to peak carbon dioxide emissions before 2030, and strive to achieve carbon neutrality before 2060." On September 24 this year, at the United Nations Climate Change Summit, President Xi Jinping China's new round of nationally determined contributions was once again announced, "By 2035, China's economy-wide net greenhouse gas emissions will be reduced by 7% to 10% from the peak, and we will strive to do better. Non-fossil energy consumption will account for more than 30% of total energy consumption, and the total installed capacity of wind power and solar power will be more than 6 times that of 2020..." In this context, Chinese oilfield companies are accelerating their transformation, and green power development has broad prospects and great potential.
Oilfield companies have developed green power businessAchieve results
In recent years, some oilfield companies of PetroChina have begun toActively develop green electricity and have achieved remarkable results.Yumen Oilfield has built 6 photovoltaic power generation projects,The total installed capacity exceeds 540,000 kilowatts and the power generation exceeds 10Billion kilowatt hours/year.
August 25, Hongliuquan New, Yumen CityEnergy base phase one 500,000 kilowatt wind power project construction projectSignificant progress has been made, and the project will be connected to the grid at full capacity after being put into operationcan output 985 million kilowatt hours of green electricity per year, equivalent to carbon reduction768,300 tons. New energy storage installed capacity reaches 85 MW/260 MWh, this project uses self-consumption and surplus electricityInternet mode, some operating areas realize electricity consumptionUse green certificates to offset the carbon caused by a small amount of purchased electricityEmissions. At the same time, Yumen Oilfield is also actively carrying out green electricity exchangeYi, green electricity sales and prices remain stable.
Restart and configuration of Qinghai Oilfield Golmud Gas-fired Power StationThe cumulative power generation of new energy projects has exceeded 600 million kilowattsAt the time, Utumiren Kaichi 1 million kilowatt photovoltaic power station has been completedSmoothly connected to the grid to generate electricity. As of the end of June, cumulative electricity consumptionThe amount exceeds 300 million kilowatt hours, replacing 30,000 with clean energytons of standard coal, reducing carbon dioxide emissions by 79,800 tons. 2025In March, we obtained the electric power business license and officially entered the development stageIn the new field of electricity and electricity sales, more than 200,000 green certificates have been obtained, singleThe monthly green power contract volume exceeded 100 million kilowatt hours.
Oilfield enterprises develop green power business in lineNational Policy
January 2022, National Development and Reform Commission and the StateThe Energy Bureau jointly issued "On Improving Green and Low-Carbon Energy"Opinions on the transformation of institutional mechanisms and policy measures", promotionEnergy green and low-carbon transformation. Oilfield companies develop green electricityThe business is in line with this policy orientation and in line with the national energy developmentThe overall strategy for development.
In February 2023, the National Energy Administration issued the "Accelerating Petroleum Development Plan"Action plan for integrated development of gas exploration and development and new energy（2023-2025》, developed for the oil and gas industry and oil companiesThe development of new energy has pointed out the direction. Oilfield companies can rely onThis plan uses its own advantages to lay out the green power business, such asBuilding self-contained new energy power plants near oil and gas fields or withThe power grid company signed a green power direct supply agreement to develop distributedNew energy, achieving efficient energy utilization and emission controlReducing emissions.
In May 2024, the National Energy Administration issued "About DoingDo a good job in new energy consumption and ensure high-quality development of new energyNotice of the Exhibition", proposing to focus on improving the power system's responseNew energy consumption capacity, some resources have better conditionsRegions can appropriately relax the target of new energy utilization rate, principleNo less than 90%, which provides oilfield enterprises with the opportunity to develop green electricity industryServices provide policy space.
In May 2025, the National Development and Reform Commission and the StateThe Energy Bureau jointly issued "About orderly promotion of green electricity direct connection"Notice on development-related matters" to encourage all types of business ownersInvest in green power direct connection projects to meet the green needs of enterprisesEnergy demand, improve the level of nearby and on-site consumption of new energy.
Oilfield enterprises develop green power business in lineSelf-development needs
In the context of the “double carbon” goal, the development of oilfield enterprisesGreen electricity business can reduce carbon emissions and improve energy products"Green content". For example, Jilin Oilfield develops new energySource business, new energy power generation exceeded 7 in the first half of this yearbillion kilowatt-hours, cumulative reduction of carbon dioxide emissions by 1.3 milliontons, achieving both economic and ecological benefits.Oilfield companies consume a lot of electricity and photovoltaic power generation peaks9417_9437The price of photovoltaic electricity is lower than the price of purchased electricity. Zhongyuan Oilfield passedDeveloping photovoltaic business has reduced grid power purchase by about 15%Right, effectively reducing the cost per ton of oil.
In addition, oil field production has continuity, which is very important for electricityHigh supply stability requirements. Integrated optical and storage equipmentCan be used as a reactive power compensation device to improve the power factor, notIt can only reduce the energy loss of electricity during line operation,Can also stand alone without an existing power gridOperation to ensure the power supply of oil wells. For example, Huabei OilfieldIntegrated optical and storage equipment can help oil wells in areas without electricityIsolated grid now uses zero-carbon energy.
In terms of offshore wind power business, oilfield companies canLeverage the advantages of offshore engineering through oil and gas platforms and offshoreThe production, operation and maintenance of wind turbines work together to reduce costs.
Opportunities for oilfield companies to develop green power businessOutstanding potential
Oilfield companies have outstanding advantages in developing green power business.Resource advantages: Oilfield companies own abandoned well sites,Oil and gas gathering and transportation stations, oil and gas pipelines, etc. are idleResources, these areas are mostly located in areas with sufficient sunlight or wind conditionsIn areas with better conditions, no additional large-scale land acquisition is requiredDirectly used to layout photovoltaic and wind power projects.
Technology and Engineering Advantages: Oilfield Enterprises in Energy DevelopmentMature technological capabilities have been accumulated in the development field, such as offshore oil fields’s ocean engineering technology can be directly reused in offshore wind powerProject. At the same time, the oil field is in the process of equipment operation and maintenance, safety management,Experience in large-scale project management and control, can be transferred seamlesslyMoved to green power project operations to ensure project efficiency and stabilityRun.
Industrial synergy advantages: On the one hand, green electricity can be directly usedMeet the oil field’s own production electricity needs and achieve “spontaneous”Self-use, surplus electricity to be connected to the grid”, reducing the cost of purchased electricity, andTo avoid the impact of unstable power supply on production; anotherIn terms of 11233_11253|, we can rely on the existing oil and gas sales network and customer informationSource, expand "oil and gas + green electricity" comprehensive energy services.
Infrastructure advantages: Oilfield companies have built coverageExtensive oil and gas gathering and transportation pipeline network, transportation network, power transformation and distributionFacilities, etc., some of which can be transformed into electricity for green power projectsTransportation and dispatching. At the same time, the office and production facilities within the oil field areThe living area can be used as a green electricity consumption scene to form a "production +Life” integrated green power application closed loop to reduce electricityTransmission loss.
Oilfield companies have the ability to develop green power businessBroad market space
Oilfield enterprises have large internal consumption needs and use electricity for productionLarge quantity, and some production links require power stabilityHigh, the development of green electricity can meet its own electricity demand and reduceElectricity cost. For example, Changqing Oilfield has 2647 sitesDeploying distributed photovoltaics, with the total installed capacity exceeding 300,000 kilowatts,Daily power generation exceeds 2 million kilowatt hours, 10,000 pumping unitsProvides stable green power. At the same time, as oilfield companies advanceGreen and low-carbon development, the demand for green electricity will continue to increaseAdd, for example, the proportion of green electricity in the Jianghan Oilfield oil and gas sector this yearIt has reached 20.18% in the first half of the year, and there is still a big improvementSpace.
Oilfield enterprises have potential for green power delivery and can rely on capitalSource advantages create delivery channels. For example, Jilin OilfieldThe resource advantages of Tuojilin Province’s “Scenic Three Gorges on Land”, AngThe 550,000-kilowatt wind power project becomes the largest in Northeast ChinaThe largest green electricity delivery base; with State Grid Jilin ProvinceBaicheng 5 million kilowatt "wind" project jointly built by electric power companiesPhosgene” integrated base is expected to deliver green electricity after it is put into operation12 billion kilowatt hours/year.
Oilfield companies can also seize opportunities in the carbon trading marketEnter, green power projects can bring carbon asset income. Such as JilinOilfield 150,000 kilowatt self-consumption wind and solar power generation projectChina Petroleum’s first new energy international carbon asset project, same asPromote carbon asset package development of 8 waste heat projects, passIncrease income through carbon trading.
In addition, the comprehensive energy service market for oilfield enterprises is vastKuo, is expected to make use of the existing w88 marketing system foundation, forProvide customers with comprehensive energy services of "oil, gas and electricity" to enhanceCustomer stickiness.
（The author is an energy scholar）
