The cumulative carbon storage amount of our country's first offshore carbon dioxide storage demonstration project has exceeded 100 million cubic meters.

China National Offshore Oil Corporation (CNOOC) announced that the cumulative carbon storage volume of the country's first offshore carbon dioxide storage demonstration project in the Pearl River Estuary Basin has exceeded 100 million cubic meters. This breakthrough marks that China's offshore carbon dioxide storage technology, equipment, and engineering capabilities have matured, and it is of great significance to accelerate the achievement of the national "dual carbon" goals and realize the green and low-carbon transformation of the economy and society. The Enping 15-1 oil field's carbon capture and storage project has an annual storage capacity of over 40 million cubic meters. In May of this year, a new carbon dioxide utilization project was added, injecting carbon dioxide into underground oil reservoirs in a supercritical state to drive a production increase of 200,000 tons of crude oil, achieving an upgrade of the entire chain and creating a new model for the utilization of marine energy. It is expected that over the next 10 years, over 550 million cubic meters of injected carbon dioxide will lead to an increase in crude oil production of 200,000 tons.