On December 16, CNPC held the 2025 Annual Oil and Gas Exploration Conference to summarize the results of oil and gas exploration in 2025 and the “14th Five-Year Plan” and deploy key tasks for the “15th Five-Year Plan” and the coming period. Dai Houliang, Chairman of the Group Company and Party Secretary, attended and made a request to vigorously implement the major strategic tasks of the “Storage Ratio Stabilization Project” and “Ballast Stone Recovery Project”, make every effort to ensure that the storage and production ratio remains firm and stable at the 2025 level during the “15th Five-Year Plan” period, and promote the high-quality development of the oil and gas exploration and development business. Adhere to efficient exploration and high-quality storage, take good care of conventional resource exploration, continuously increase the proportion of newly discovered reserves in border expansion, concentrate efforts on exploration of unconventional resources, give full play to the strict control role of reserve centers, and ensure a firm and stable storage ratio with high-quality storage.

On December 16, CNPC held the 2025 Annual Oil and Gas Exploration Conference to summarize the results of oil and gas exploration in 2025 and the “14th Five-Year Plan” and deploy key tasks for the “15th Five-Year Plan” and the coming period. Dai Houliang, Chairman of the Group Company and Party Secretary, attended and made a request to vigorously implement the major strategic tasks of the “Storage Ratio Stabilization Project” and “Ballast Stone Recovery Project”, make every effort to ensure that the storage and production ratio remains firm and stable at the 2025 level during the “15th Five-Year Plan” period, and promote the high-quality development of the oil and gas exploration and development business. Adhere to efficient exploration and high-quality storage, take good care of conventional resource exploration, continuously increase the proportion of newly discovered reserves in border expansion, concentrate efforts on exploration of unconventional resources, give full play to the strict control role of reserve centers, and ensure a firm and stable storage ratio with high-quality storage.