Xinjiang oilfield company is the largest oil producers in western China, belongs to the China National Petroleum Co., Ltd, Mainly engaged in the exploration and development of oil and gas resources in Junggar Basin and its peripheral basin, gathering and transportation, sales and other business.

Xinjiang oilfield is the first big oil field after the founding of new China. The crude oil production ranks fourth in China’s onshore oil field, maintain steady growth for 25 consecutive years, the cumulative oil production is more than 2 tons. In 2002, the annual output of crude oil exceeded 10 million tons, becoming the first ten million tons of oil field in Western China. Junggar Basin is rich in oil and gas resources, forecast total oil resources is 8.6 billion tons, natural gas is 2.1 trillion cubic meters. At present, the rate of proven oil is only 21.4%, and the rate of proven natural gas is less than 3.64%. The exploration prospect is broad, the development potential is huge. For a period of time in the future, the company will adhere to the overall situation of scientific development outlook, scientific management of oilfield, the implementation of development strategy, accelerate science and technology innovation strategy and the strategy, striving to achieve an annual output of 20 million tons of oil and gas in 2010. We want to use 5-10 years to build the Xinjiang Oilfield Company into a domestic first-class level of oil and gas production companies. By the middle of this century, the oil field continues to maintain its vigor and vitality, and it has become a century oil field with creativity, competitiveness and vitality.