Profile: PetroChina Co Ltd (PTR.N)
26 May 2017
PetroChina Company Limited, incorporated on November 5, 1999, is an oil and gas producer and distributor. The Company's segments are Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. The Company is engaged in the exploration, development, production and sale of crude oil and natural gas; the refining of crude oil and petroleum products; the production and sale of basic and derivative chemical products, and other chemical products; the marketing and trading of refined products, the transmission of natural gas, crude oil and refined products, and the sale of natural gas.
Exploration and Production
The Company's Exploration and Production segment is engaged in the exploration, development, production and marketing of crude oil and natural gas. The total area to which the Company has the exploration and mining right of oil and natural gas (including coalbed methane) is approximately 358.1 million acres, in which the area under exploration right is approximately 329.8 million acres and the area under mining right is over 28.3 million acres. The net number of wells under drilling is approximately 380. The Company produces approximately 8,520 million barrels of proved reserves of crude oil, over 77,520 billion cubic feet of proved reserves of natural gas, approximately 6,190 million barrels of proved developed reserves of crude oil and over 40,400 billion cubic feet of proved developed reserves of natural gas.
Refining and Chemicals
The Company's Refining and Chemicals segment is engaged in the refining of crude oil and petroleum products, production and marketing of primary petrochemical products, and derivative petrochemical products and other chemical products. The Company has processed approximately 998.1 million barrels of crude oil.
The Company's Marketing segment is engaged in the marketing of refined products and trading business. The total number of service stations operated by the Company is approximately 20,710.
Natural Gas and Pipeline
The Company's Natural Gas and Pipeline segment is engaged in the transmission of natural gas, crude oil and refined products and the sale of natural gas. The Company's domestic oil and gas pipelines measured a total length of approximately 77,610 kilometers, consisting of over 48,620 kilometers of natural gas pipelines, approximately 18,890 kilometers of crude oil pipelines and over 10,090 kilometers of refined product pipelines.
PetroChina Co Ltd
Dongzhimen North Street
BEIJING BEJ 100007
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