Sinopec Jiangsu Oilfield Company (中国石油化工股份有限公司江苏油田分公司), a subsidiary of China Petrochemical Corporation (Sinopec Group), is a state-owned enterprise headquartered in Yangzhou, Jiangsu Province. Established in 1975 as Jiangsu Petroleum Exploration Bureau, it restructured in 2000 into its current form.
The company specializes in oil and gas exploration, development, production, processing, and marketing, primarily in northern Jiangsu and Anhui provinces across 15 counties and cities. It operates 18-23 subsidiaries with a workforce exceeding 13,000, including over 7,700 contract employees. Cumulative proven reserves include 306 million tons of oil and 2.222 billion cubic meters of natural gas, with total crude production surpassing 51.38 million tons and natural gas at 851 million cubic meters. Annual crude output capacity exceeds 1.5 million tons.
Recent efforts focus on unconventional resources like shale oil, with breakthroughs in the Subei Basin activating 1.1 billion tons of resources and establishing China's first Sinopec shale oil demonstration zone. It also pursues green initiatives, including green electricity exceeding 100 million kWh annually, and diversified services in engineering, logistics, and chemicals. Jiangsu Oilfield is South China's largest petroleum production base, contributing significantly to national energy security.
Also known as 江苏油田, 江苏石油勘探局, and 水乡油田.
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Passed State Grid load test and secured an operator account; links oil/gas fields with refiners and chemical firms to flexibly adjust load and boost renewable consumption.
