In 2009, Sinopec intensified and accelerated exploratory efforts in China, and invested 146.7 billion RMB in exploration and development. Additional proven geological oil reserves of 285 million tons and additional proven geological natural gas reserves of 176.67 billion cubic meters were found in 2009, with additional oil production capacity of 5.7 million tons and additional natural gas production capacity of 1.38 billion cubic meters built in place. 42.42 million tons crude oil and 8.47 billion cubic meters natural gas were produced in 2009, both of which were historic high.

In 2009, equity oil yield from outside China reached 12.79 million tons, increasing the cumulative equity oil yield to 36.45 million tons. Sinopec successfully acquired five companies, including Switzerland-based Addax. The company made considerable achievements in oil and gas exploration abroad.

Sinopec is the second largest oil and gas producer in China. Through continuous, steady investment and strategic expansion efforts, Sinopec’s oil and gas production in oil-rich areas of the country grew steadily. Sinopec’s oilfields in Africa, Russia and South America also took initial shape, with exploration and development being conducted in 21 countries.