Great progress had been made in oil and gas exploration by Sinopec during China's 10th 'Five-Year'Plan.Puguang

the largest marine carbonate gas field in China was discovered and rapidly proved;and Tahe

a super-large marine palaeokarst oil field was progressively proved during the period.The additional proved oil in place had steadily increased by 1.31 billion tons and proved gas in place had rapidly grown to 682.59 BCM.The geological philosophy and exploration technologies of continental subtle pools had been upgraded and that of marine carbonate reservoirs had taken a primary shape.New management systems and mechanism had been bravely tried and a special management concept(also known as 'collectivized decision

project management

marketized operation

and socialized service')had been implemented in the area of risk explorations

thus effectively helping make big breakthroughs and discoveries in SINOPEC'S oil and gas exploration and providing a firm basis for the implementation of SINOPEC's oil and gas resource strategy for the 11th Five-Year Plan or even longer period.