02capc.cn/Attachments/879a6440-5459-4f76-92b8-51a6c92ce6d7.pdf02 Chairman of the Board: Mr. Zheng...

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Chairman of the Board:Mr. Zheng Hu, Counselor of State Council, P. R. China

Director General of CNPC Consulting Center

Vice Chairman of the Board:Mr. Paul Whittaker, Deputy Minister,

Alberta International and Intergovernmental Relations

Executive Directors：Mr. John Cotton, Assistant Deputy Minister,

Alberta International and Intergovernmental Relations

Mr. Zhang Xin, Director General,

CNPC International Department

Chinese Board Members:Ms. Wang Lihua, Deputy Chief Economic Advisor of CNPC

President, PetroChina International Co., Ltd.

Mr. Wang Daofu, Chief Geologist of PetroChina,

President of PetroChina Research Institute of

Petroleum Exploration & Development

Mr. Li Ruoping, President,

PetroChina Fushun Petrochemical Company

Mr. Yang Shengjie, Vice President,

PetroChina Jidong Oilfield Company

Mr. Hou Qijun, President,

PetroChina Jilin Oilfield Company

Mr. Zhang Fengshan, President,

CNPC Greatwall Drilling Company

Mr. Xie Wenyan, President,

PetroChina Liaohe Oilfield Company

Ms. Wang Xinge, Senior Vice-President,

China Huanqiu Contracting & Engineering Corp.

Mr. Han Hua, Managing Director

CNPC-Alberta Petroleum Centre

Canadian Board Members:Mr. Bret Walter, DirectorEBW Group

Mr. Paul Fisher, Vice PresidentNorthern Gateway Pipelines, Enbridge Pipelines Inc.

Mr. Jim Wong, Energy-Business ConsultantZenalta Management Limited.

Mr. Michael Dawson, PresidentCanadian Society for Unconventional Gas

Mr. Robert Kwauk, Chief RepresentativeBlake, Cassels & Graydon LLP, Beijing Office

Mr. David W. H. Wong, Managing DirectorAlberta China Office

Honorary Directors:Mr. Li Huaiqi, Deputy Director PetroChina Consultation Centre

Mr. Tang Jian, Former President,CNPC Xinjiang Oilfield Company

Address: Science & Technology Building,

20# Xue Yuan Road, Haidian District

Beijing, China

Post Code: 100083

Telephone: 8610-83598523

Fax: 8610-83598529

Website: www.capc.cn

E-mail: [email protected]

President: Han Hua

Editor-in-chief: Zhou Hong

Executive Editor: Wang Mengyuan

Art Editor: Jelor.Yuan

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CONTENTS

Chinese Oil and Gas News Review 2009 Significant Events of Chinese Oil and Petrochemical Industry

2009 M & A Events in Overseas Oil and Gas

"Loan-for-Oil" in 2009

The First Ten Years of the New Century for CNPC

2009 A Memorable Year

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14Features

The first Workshop on Sino-Canadian Energy Coorperation

The 10th China International Petroleum & Petrochemical Technology and Equipment Exhibition

Western Premiers' Joint Mission to China

Present State and Future Prospect of Sino-Canadian Energy Cooperation

28 Introduction of CAPC Board Companies Great Wall Drilling Company

Enbridge

36Cover Story Expo 2010 ShangHai China

46Eyes on TechnologyThe First SAGD Project In China

51CAPC Work ReviewCAPC Work Review 2009-2010The Unforgettable MemoriesTechnology in Need

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2009 Significant Events of Chinese Oil and Petrochemical Industry

● On April 21, Mr. Wang Qishan, a politburo member and vice premier, held the fourth round meeting with the Russian Deputy Prime Minister Sechin for the Sino-Russian Energy Negotiation Representative Meetings in the People’s Hall of Beijing. The two sides jointly signed “Sino-Russian Intergovernmental Agreement on Oil Cooperation”, which included a package of cooperation agreements covering joint-construction of pipelines, oil trades, financing, etc. The agreements became effective immediately, indicating that the two countries had achieved major breakthroughs in the energy cooperation. On May 19, the China-Russia oil pipeline started construction in China, which received warm congratulations from the Prime Minister Wen Jiabao, and Mr. Wang Qishan attended the ground-opening ceremony.

● On May 8, the National Development and Reform Commission officially released the "Oil Price Management Measures (Trial)" (referred as "Measures"). The main contents include: 1, crude oil prices will be decided independently by enterprises with reference to international market prices. 2, the domestic refined oil prices will be determined on the basis of international oil market prices, and by adding the national average processing costs, taxes, reasonably-priced distribution costs and appropriate profits. When the international market price of crude oil fluctuates more than 4% of the Moving Average Price for 22 consecutive working days, the domestic gasoline and diesel prices can be relatively adjusted. 3, when the international oil prices fall below 80 U.S. dollars per barrel, the prices of refined oil products can be calculated according to the normal oil processing profit margins. When the prices of crude oil are more than 80 U.S. dollars a barrel, the processing profit margins shall start to be reduced until reaching a zero profit margin. When the prices of crude oil are more than 130 U.S. dollars a barrel, prices of gasoline and diesel shall generally remain unchanged or slightly increased according to the principle of joint-consideration of common interests of both producer and consumer, as well as to maintain a smooth operation of the national economy by taking appropriate fiscal policies to ensure the production and supply of refined oils.

● On September 26, Daqing Oilfield held a ground celebration event on its 50th anniversary of the oil discovery in Daqing.The Vice President Xi Jinping arrived in Daqing Oilfield, and delivered an important speech. As of March 22, Daqing Oilfield had cumulatively produced 20 million tons of crude oil since its initial production, which consists more than 40% of the total national onshore crude oil output over the same period. Daqing leads the world with several world-class technology applications including water injection technology, polymer flooding technology, and ASP flooding technology. The oil recovery ratio in its primary oilfields claimed a breakthrough of 50%, and the oilfield manages to have maintained a stabilized annual crude oil output of 50 million tons for more than 27 consecutive years. From 2002 to 2008, the oilfield stabilized its annual production of crude oil at over 10 million tons by using EOR technology applications for a consecutive 7-year period. The oilfield produced more than 6 million tons of crude oil from the oilfields located in the surrounding areas of Daqing, and the deep formation in Songliao basin has confirmed with more than 2400 billion cubic meters of proven natural gas reserves.

● On October 31, the China-Burma oil pipeline started its construction from Myanmar Madeira, which will enter China from Ruili in Yunnan province with a designed annual transport volume of 12 million tons. On December 14, since the China - Central Asia gas pipeline commenced operation, the pipeline has distributed more than 20 million cubic meters of high quality natural gas to the Chinese market. The pipeline is built to pass through Turkmenistan, Uzbekistan, Kazakhstan, and ends in Horgos of Xinjiang with an annual

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supply of 30 billion cubic meters to China. With the on-going construction of the China-Russia oil pipeline in the Northeast regions, and the confirmed installation of the natural gas pipelines, China has gradually established its ground energy distribution networks from the national energy strategy. ● According to the Development and Reform Commission, presently, the dependence on imported crude oil has exceeded 50% in China. Under the new pricing mechanism, the prices of refined oil products have experienced 9 adjustments including 5 increases and 4 declines, and the effort has basically rationalized the refined oil prices. The price management system has greatly motivated oil refining industries, hence ensured the supply of refined oil products in the Chinese market. The Development and Reform Commission will take effective references from the experiences learnt in the reforms of refined oil prices and taxation systems, further improve the existing pricing mechanism, and proactively and steadily promote the reforms towards a market oriented pricing system on refined oil products.

● On November 5, Sinopec signed an agreement with Exxon Mobil, which includes to receive two million tons of LNG from Papua New Guinea annually, and the LNG will be delivered to Sinopec Qingdao LNG Receiving Terminal.

● Early in November, CNOOC successfully acquired partial rights and interests of four exploration blocks located in the Gulf of Mexico. The four exploration blocks previously owned by Statoil in the U.S. Gulf of Mexico include Tucker, Logan, Cobra, and Krakatoa, in which CNOOC acquired partial interests of 20%, 10%, 10% and 10% respectively.

● In November, the U.S. President Barack Obama visited China, and announced a "Sino-US Joint Statement" in Beijing, which mainly covered 5 major issues in relation to the Sino-US relationships, establishing and deepening the bilateral

strategic mutual trust, economic cooperation and the global recovery, regional and global challenges and climate change, energy and the environment. On November 25, the Chinese government announced that by 2020, the carbon dioxide emissions per unit of GDP will be reduced to 40% to 45% of which in 2005, and the target will be included in the mid to long term planning for the Chinese national economic and social development.

● On December 14, the state head of four countries from China, Turkey, Kazakhstan, and Turkmenistan met in Ya Amu River, and jointly witnessed a ground celebration of China - Central Asia gas pipeline in commencement of its initial operation. Chinese President Hu Jintao, who is on a state visit in Turkmenistan, jointly opened the gas pipeline control valve at the gate station with the Turkmen President Gurbanguly Berdimuhamedov, Kazakhstan President Nursultan Nazarbayev, and Uzbek President Islam Karimov to congratulate on the completion of the pipeline project.

● On December19, Changqing Oilfield announced a breakthrough of an annual production reaching 30 million tons of oil equivalent, hence became the second largest oil and gas producing field in China. The oilfield has a newly-added oil and gas equivalent proven reserves at 437 million tons during the year, and had created a miraculous development in solving challenging problems associated with low-permeability of oil and gas fields. Changqing has currently produced half of the total natural gas production at 30 million tons of oil equivalent, and supplied gas to more than 30 cities nationwide, including Beijing. During the next 5-7 years, Changqing Oilfield will develop an annual crude oil production capacity of 10 million tons from ultra-low permeability reservoirs, and increase the annual gas production from Sulige gas field to 20 billion cubic meters, and try to develop an annual production capacity to reach 50 million tons of oil and gas equivalent by 2015.


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● On February 17, China and Russia reached an agreement worth of 25 billion U.S. dollars. According to the agreement, China will provide Russia with a long-term loan of 25 billion U.S. dollars at a fixed interest rate of 6% approximately. Russia will use crude oil as the collateral to repay the loan. From 2011 to 2030, Russia will supply crude oil to China through pipelines at an annual capacity of 15 million tons for a total of 300 million tons. The price of crude oil will be decided by a delivery price to transport the Russian oil to Nahuoteka port, which will fluctuate with the world market price. Presently, the supply of crude oil from Russia to China through railway transportations will not be affected by the agreement, which will be increased to 15 million tons annually.

● On February 18, China and Brazil reached an agreement in which Brazil agreed to supply China with 100,000 – 160,000 barrels of crude daily at the world daily market price, whereas China agreed to provide Petrobras, the state-owned oil

2009 M & A Events in Overseas Oil and Gas

● In April, CNPC jointly worked with Kazakhstan State Oil Company, and succeeded in the acquisition of the entire equity interests of Mangistau Gas.

● On June 21, CNPC announced the acquisition of Singapore Petroleum Co. Ltd. at 1 billion U.S. dollars for 45.51% of the stake , and also issued a mandatory conditional cash offer on the remaining shares of the company.

● On June 25, Sinopec announced the acquisition of the ordinary shares of Swiss Addax Petroleum Corporation (Addax Petroleum) for a total of 7.2 billion U.S. dollars, which claimed the highest record in oil asset transaction of the Chinese history.

● On June 30, Iraqi government organized the first large-scale energy bidding session since 2003. BP jointly worked with CNPC, and the two were jointly awarded with Rumaila, the largest oilfield in Iraq, and signed Technical Service Contract with Rumaila oilfield.

● In July, the National Development and Reform Commission approved the acquisition of partial stakes of Nippon Oil’s Osaka Refinery by CNPC, from which CNPC would acquire 49% of the stake in Osaka Refinery.

● On July 2, CNPC and CNOOC proposed to Repsol-YPF of Spain to acquire its Argentine subsidiary YPF at a total of 150 billion RMB.

● On July 20, CNOOC announced that CNOOC and Sinopec jointly acquired 20% of the interests in the Angola Block from Marathon’s subsidiary in Angola at a total of 1.3 billion U.S. dollars.

● On August 12, Sinochem acquired Emerald Energy, a British oil company, for a total of 875 million U.S. dollars to enter the oilfield business operations in Colombia and Syria.

● In November, CNOOC successfully acquired partial rights and interests of 4 exploration blocks located in the Gulf of Mexico, and the event was recognized as the first time when a Chinese oil company became entitled for oil and gas assets located in the Gulf of Mexico, traditionally considered as the backyard of the United States.

● On November 25, KazMunaiGas, Kazakhstan national oil company announced a statement that the company had jointly worked with CNPC in the acquisition of the entire equity of Mangistau Munai Gas, the fourth largest oil company in Kazakhstan, through a public trading process at stock exchange market. The successful acquisition is priced at 2.6 billion U.S. dollars, which entitles CNPC with an increased crude oil reserve volume at 5 million barrels.

"Loan-for-Oil" in 2009


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company of Brazil, with a loan worth of 10 billion U.S. dollars to help the company to develop the deep sea oil and gas reserve newly confirmed along the southern coastal line of Brazil.

● On February 21, China and Venezuela signed a Loan-for-Oil Agreement worth of 4 billion U.S. dollars. China State Development Bank will provide PDVSA, the state-owned oil company of Venezuela, with a loan of 4 billion U.S. dollars in exchange of a committed supply of crude oil.

● On March 13, China and Angola signed a Loan-for-Oil Agreement worth of 1 billion U.S. dollars. Since the end of Angola's civil war in 2002, which continued for 22 years, China has provided Angola with relevant oil loans in a total of 5 billion U.S. dollars.

● On April 17, CNPC made an announcement that a series of agreements had been signed with Kazakhstan National Petroleum Company Ltd. on April 15, which included to expand the cooperation of the two companies in the development of oil and gas, to provide 500,000 U.S. dollars as financial support to jointly acquire Mangistau, an oil and gas company in the country.

● In July, CNPC signed an agreement with PetroEcuador, the state-owned oil company in Ecuador, that during the next two years, PetroEcuador would export crude oil to China at a monthly volume of 2.88 million barrels (or 4.93 million tons). CNPC would pay 1 billion U.S. dollars in advance to secure the transactions.

CNPC enjoyed continuous and robust growth in the first decade of the new century, greatly augmenting its overall strength and international competitiveness. We rank among the world’s top oil companies and continue to strive to become an integrated international energy company. We boast unique strengths, stemming from coordinated development and advantageous integration of upstream and downstream businesses, oil companies and oilfield services, technical services and equipment manufacturing, as well as domestic and overseas operations.

The First Ten Years ofthe New Century

13th in 2009 Fortune Global 500

5th among the world’s top 50 oil companies

In the past decade, CNPC has achieved notable results and made considerable progress as follows:


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The year of 2010 welcomes the 40th anniversary of diplomatic ties between Canada and China. On March 9, CAPC organized the "China-Canada Energy Cooperation Seminar" in Nanjing. According to the introduction speech delivered by Mr. Zheng Hu, the member of China State Council, the director of the CNPC Consultation Center, and the chairman of CAPC, the year of 2009 was the very unusual year in the history of sino-Canada relations.

The Canadian Prime Minister Stephen Harper visited China for the first time after having taken the office three years, during which the prime minister reached mutual agreements with the Chinese leaders over major international and regional issues, and a number of consensuses have been signed to promote the bilateral cooperation in solving problems associated with climate changes, in mineral resource developments, in culture and education, and also in agriculture sectors. Canada has the second large oil reserves in the world, and is one of the few countries in the world with open policies in attracting overseas investment on resource development. It is particularly represented by the development and utilization of oil sands, typically recognized as one of the unconventional energy resources. Over the last 40 years of exploration and development, Canada has gradually established a mutual market environment represented by the “Alberta Model”, which has demonstrated an outstanding example for the global unconventional energy industry.

Zheng Hu also expressed that the year of 2010 is the 40th anniversary of diplomatic ties established between Canada and China, and also the first year after CNPC successfully landed a firm footing in the Canadian oil sand industry since the ice-opening trip to China led by the Canadian Prime Minister Stephen Harper. Canada

and China shall share significant cooperation opportunities in both energy and environment protection industrial development.

Mr. Nodal Pat, Canadian Embassy Consul General in Shanghai, indicated that the Canadian federal government was currently working to simplify relevant procedures in market entry, regulations and policies, to escalate the cooperation progress of the two countries.

According to the introduction presented by Mr. Zhang Xin, the director of CNPC International Department, and the executive director of CAPC, during the year of 2009, although the global financial crisis worsened with increased number of variations, CNPC experienced a successful year with outstanding performance in both domestic oil and gas development, but also in international business operations. Among many highlights accomplished in overseas projects during 2009, the successful acquisition of the Athabasca oil sands in Canada attracted the most attention, which not only became the largest asset M&A in the north America regions, but also announced the beginning of CNPC to participate in the massive developing Canadian oil sands.

According to Mr. Zhang Xin , as one of the few assets available for upstream trading in the world, and by facing challenging difficulties in the process of finding new conventional oil reserves, the oil sand production has experienced increases as a contrast, which became one of the hot pursuit of competition amongst many large multinational oil companies and national oil corporations. After having conducted comprehensive research and analysis, CNPC announced its decision to acquire MacKay River and Dover oil sands of Athabasca Oil Sands for 1.8 billion U.S. dollars in August, 2009.

The first Workshop on Sino-Canadian Energy Coorperation

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On February 10, 2010, the M & A completed the official transaction and project delivery by signing relevant documentation in Calgary. As the wholly-owned subsidiary of CNPC, PetroChina International Investment Co., Ltd. will jointly develop the oil sands with its Canadian counterparts in accordance with the agreement.

According to the reporter that, as people became more and more aware of the importance of unconventional energy resources, the oil sands in Canada had attracted the world attention for investment in the global energy markets. Many state-owned oil companies from Japan, Korea and other Asian countries have established long-term operational interests in the Canadian oil sands development. As the world's second largest oil consuming country, China is taking proactive approaches in securing stabilized supply of energy through various import channels to ensure the nation’s sustainable development in economy. Both Mr. Huang Weitang, the director of Canada Alberta Office in China, and Mr. Hanhua, the director of CAPC, have acknowledged that Canada is a resource-rich country with a healthy market environment and well-established legal systems, therefore, Canada is one of the important countries in the strategy of CNPC in promotion of diversified crude oil imports in China.

Mr. Song Yiwu, the deputy manager of CNPC International Co. Ltd. , and who has extensive experience in managing oil operations in Canada, has expressed that although the cooperation prospects prove to be significant, many Canadian companies and organizations know little about the current economic situations in China. Through this warmed-up relationship between Canada and

China, and with the bright future potentials in energy cooperation, the oil industries from the two countries should expand dialogues, enhance mutual understanding, recognize differences, and maintain positive attitudes towards the bilateral cooperation in the energy industry.

The year of 2010 is the 40th anniversary of Sino-Canadian diplomatic relations, is therefore recognized as a milestone of Sino-Canada relationship. During a state visit to Canada in 2003, Premier Wen Jiabao commented on the Sino-Canada relationship by citing an ancient saying, “travel in the same destination, and follow in thousands of miles”, indicating that so long as the two countries share the same goal, a close-tied cooperation can be always expected despite of the distance apart. Driven by various favorable momentum experienced by China and Canada last year, and with the well-financed strength of CNPC and the tremendous development potential of Canadian oil industry, the energy cooperation of Sino-Canada in 2010 will be well based on its previous learning and set forth in the future development of the Sino-Canada energy industry. The "Alberta model" will facilitate a bridge to carry on the Sino-Canada cooperation in the development of unconventional energy.

As early as 1989, CNPC and the provincial government of Alberta co-founded CAPC to promote effective dialogue and energy cooperation between the two countries. On July 15, 1993, CNPC acquired a 15.8865% operating interest in North Twining Oilfield, and produced the first barrel of oversea crude oil in the Chinese history.

Mr.Zhenghu, Counselor of State Council, P.R ChinaDirector General of CNPC Consulting Center

Canadian Consul General in Shanghai, Nadir Patel

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The 10th China International Petroleum & Petrochemical Technology and Equipment Exhibition (cippe), Asia’s largest oil expo, closed in Beijing on March 24, 2010. The exhibition, featuring diversified offerings presented by over 1,200 exhibitors from 45 countries, succeeded in gaining high attention from leading domestic and international media.

According to preliminary statistics, a total of nearly 200 central-administrated media, financial media, industrial media and local media delivered reports on cippe. It was highly valued by the industry professionals for it reflecting the industry’s future trends.

Apart from the US delegation and the Canada delegation, cippe also saw delegations of 12 countries including UK, France and Germany, as well as nearly 1,200 exhibitors from 37 countries and regions, and it also welcomed international sourcing delegations from Kazakhstan, Russia, Pakistan, Singapore and Brazil, which together marked an overall increase in the number of international participants.

The Canadian pavilion included following companies and organizations: 1. Commercial Section, Embassy of CANADA 2. Government of Alberta 3. AGAR Corporation Ltd. 4. Alberta Flares Energy Services Ltd. 5. Babcock & Wilcox Canada Ltd. 6. LEE Specialties Ltd. 7. Master Flo Valve Inc. 8. McCoy Corporation 9. OZ Optics Limited10. CNPC-Alberta Petroleum Centre

The 10th China International Petroleum & Petrochemical Technology and Equipment ExhibitionOne of the top 4 petroleum exhibitions in the world12 International pavilions 65,000 exhibit space 1,200 exhibitors professional visitors reach 40,000

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Western Premiers' Joint Mission to China

The Premiers of Alberta, British Columbia and Saskatchewan opened a new Shanghai-based trade and investment office.

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On May 19, 2010, governors of three Canadian western provinces, including British Columbia, Alberta and Saskatchewan, jointly promoted the largest region with the most open trade and investment policies in Canada to the Chinese enterprises, organizations and investors in Beijing.

The three governors provided introductions to the Chinese government officials and business leaders on the rich resources of oil and gas, minerals, forestry, fishery and agricultural products located in the Canadian western regions, as well as the opportunities for Chinese investors.

Mr. Gordon Campbell, the governor of British Columbia, has expressed that, the trip mission to visit China is to inform the Chinese government and business leaders that we have the doors wide open to overseas investments, which encourages more Chinese enterprises to conduct trade and investment operations in Canadian western regions. Whether you need lumbers, oil and gas, or fish products, you may find it all here in western Canada.

Mr. Ed Stelmach, the governor of Alberta, has expressed that, this trade promotional activity in China will bring more attention from the Chinese investors, business leaders and government officials to focus on the new cooperation relationship established by the three Canadian western provinces, which shall generate more trade and investment opportunities between Canada and China.

The three governors from western Canada led a five-day visit during this trade promotion symposium. The promotion was initiated by the announcement in founding of “Canadian New Western Regions Trade and Investment Office” in Shanghai on May 15, which would assist the effort in promoting rich resources located in western Canada, including gold, copper, potassium, lumber, natural gas, coking coal, agricultural food and agriculture products, etc. The officials also indicated that the promotion shall also consider reaching agreements in open air control and free trade operations between Canada and the Asia Pacific regions.

Mr. Brad Wall, the governor of Saskatchewan, has expressed that, western Canada has had a long-history in generating new business

opportunities for both foreigners and Canadians, the trip to China has no doubt extended the tradition. The founding of Canadian New Western Regions Trade and Investment Office has moved the important first step in enhancing the mutual interests of Canada and China, and at the same time, to better serve the needs in economic cooperation of the two countries.

During their visit in China, the three governors conducted a series of meetings with many Chinese governors, deputy governors, and mayors, also with government officials from China International Trade Promotion Committee (CCPIT), China Investment Corporation (CIC), and National Development and Reform Commission (NDRC). The three governors held a reception at the Canadian Pavilion of Expo 2010 in Shanghai, and during the theme luncheon, the three governors held a meeting with the government officials from Shanghai. The delegation group shall leave Beijing tomorrow.

Geographically, Western Canada has a superior location with well-established and sophisticated transportation networks including seaports, highways, railways and airports, and has been recognized as the Pacific gateway of North America. The port of Vancouver and the port of Prince Rupert in western Canada are the most direct port for quick container distribution and transportations to the north American regions.

Premier Stelmach with Wang Dongjin, Vice-president of the China National Petroleum Corp.

Premier Stelmach with CAPC staff.

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4. The Premiers of BC, Saskatchewan and Alberta opened a new Shanghai-based trade and investment office, which will serve to promote the West and bolster economic ties with one of the strongest and most dynamic economic regions in Greater China. In between Brad Wall and Ed Stelmach is Fu Rong Cen, chair of the Chamber of International Conference Shanghai.

5. The Premiers in front of the China Pavilion

6. At the Heilongjiang pavilion with one of the "Heilongjiang girls" - young women dressed in costumes symbolizing snow princesses.

7. Premier Stelmach speaks at the Shanghai Institute

8. BC Premier Gordon Campbell, Alberta Premier Ed Stelmach and Saskatchewan Premier Brad Wall prepare to hold their news conference after opening the new Shanghai-based trade and investment office.

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WHAT IS THE NEW WEST PARTNERSHIPThe New West Partnership is a historic economic partnership between the Canadian provinces of British Columbia, Alberta and Saskatchewan that creates Canada’s largest trading alliance.

WHY WAS IT CREATEDThe New West Partnership establishes Canada’s largest open, efficient and stable market. The partnership creates a framework for on-going cooperation to strengthen our economy, unleash the creativity of our innovators and expand our presence around the world—to everyone’s benefit.

WHAT IS THE SIGNIFICANCE TO ASIACanada’s three most western provinces are major trading partners with Asia. In 2009, total exports from these provinces to Asia topped $19.8 billion, an increase of $5.8 billion or 41% from 2000. Combined total exports to China were worth $6.6 billion while exports to Japan totalled $5.8 billion in 2009.The New West Partnership gives the three provinces a strong, unified voice to help remove barriers and promote increased trade and commerce opportunities with Asia.The New West Partnership gives the three provinces a strong, unified voice to help remove barriers and promote increased trade and commerce opportunities with Asia.

OVERVIEWThis region represents a market of nine million people and a combined gross domestic product of over $550 billion. In addition to possessing an abundance of natural resources, these three Canadian provinces also lead in many areas of advanced technologies.

OIL AND GAS· 90% of Canada’s total oil production· With oil sands included, world’s second-largest oil reserves· Among the world’s top leaders in natural gas production

MINING AND FORESTRY· Major producer of gold, copper and other precious minerals· World’s largest producer of potash and one of the largest suppliers of uranium· Major supplier of world’s highest quality wood and wood products· Major global supplier of metallurgical coal

CLEAN ENERGY· World’s third-largest green technology cluster· World’s largest monitored carbon capture and storage project· One of the world’s first and largest clean-coal power generation projects

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AGRICULTURE AND TOURISM· About three quarters of Canada’s arable land· Leading exporter in lentils, wheat and canola· Major exporter of beef and pork· One of North America’s top wine-producing regions· Home to many of the world’s top-rated skiing, golf and fishing resorts

TECHNOLOGY AND FILM· The National Institute for Nanotechnology, ranked as one of the world’s leading nanotechnology facilities· Canadian Light Source, Canada’s only synchrotron with a globally-unique focus on commercial partnerships with industry· North America’s third-largest film and television production centre after Los Angeles and New York

COMPETITIVE BUSINESS ENVIRONMENT· Existing and planned taxation rates creating some of the lowest corporate income tax rates of any G7 nation· Seamless trading economy allows skilled labour to move between provinces· Will account for 39% of total investment in Canada in 2010· AA or AAA credit rankings from Standard and Poor’s and Moody’s Investor Services

NORTH AMERICA’S PACIFIC GATEWAY· Ports of Vancouver and Prince Rupert offer shortest shipping routes from most major Asian ports· Includes the deepest natural harbour in North America· Direct and continuous geographical access by rail, air or highway to major North American markets including the American Mid- West and Eastern Seaboard

WHY CANADA· Some of the lowest tax rates in North America and the G7· Home to many of the world’s healthiest and strongest financial institutions· World-leading universities, training skilled workers in new and traditional industries· Safe and secure, Western Canada has some of the world’s most livable cities

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History and Present SituationMr. Song Yiwu opened his introduction with,

“PetroChina International Investment Corporation (hereinafter referred

a s P I I C ) i s a w h o l l y - o w n e d s u b s i d i a r y o f Pe t r o C h i n a ,

which manages more than 80 projects located in 29 countries globally. Previously, the primary business focus of the company was in Africa and Asia, with the successful acquisition of the Canadian

oil sand blocks, PetroChina has initiated its large-scale

investment in Canada.”

“ P I I C ( C a n a d a ) w a s f o u n d e d i n 2009, which is specialized in managing

PetroChina’s investment operations in Canada. The company currently has two subsidiaries: one is PetroChina Phoenix Energy Company, which functions as the primary platform in managing oil and gas operations in Canada; and the other is PetroChina Cretaceous Oil Sands Company, a wholly-owned subsidiary of Phoenix Energy, is which mainly responsible to jointly manage MacKay River and Dover oil sands projects with AOSC since the acquisition.”

“In addition, PetroChina manages another company, CNPC International (Canada) Co. Ltd., a company originally established in 1993 and primarily in charge of the existing operation and management of conventional oil and gas field development. Since 1993, the company started a series of the acquisition of oil blocks located in the sedimentary basins of Western Canada, with a total interest area of 101 square kilometers. By 2007, the company has completed

the acquisition of 11 oil sands blocks. Among the seven oil fields, there are six of which are producing with an annual oil output of 7 million barrels and an annual natural gas production totaling 14.9 million cubic meters in 2009. Presently, the company plans to acquire more producing fields with conventional oil and gas assets, and expands the production scale of the conventional oil and gas.”

(In the Chinese history, the first barrel overseas crude oil was produced by CNPCI (Canada) from the North Twining oilfield, which is located in the northern Alberta, Canada).

The Significance of Investing in Canadian Oil SandsMr. Song further expressed, “last year, PetroChina has accomplished its overall strategic goals in the company’s overseas investments, and the future works will mainly focus on the follow-though and consolidation of developing the acquired oil and gas assets. In 2009, the annual operational production of PetroChina from its overseas assets reached 65 million tons approximately (4.615 million barrels). In 2010, the company plans to increase the annual output to 70 million tons (4.97 billion barrels), with half of the total as the interest yield. At present, the future potential for growth is mainly from the assets located in the Americas, including Argentina in South America and Canada in North America. Although in comparison with projects of other countries, the current production from Canada is relatively low, but it also indicates that the growth potential is tremendous in the future. It is estimated that the recoverable bitumen reserve from MacKay River and Dover Oil Sands project totals 5 billion barrels, which has laid a solid foundation in establishing a production capacity of 10 million tons annually. We are fully confident about the future.”

“It is the first time for PetroChina to have conducted large-

With the significant amount of oil sand reserve confirmed in the province of Alberta (179 billion barrels), Canada became the second largest country of the world in resources after Saudi Arabia. Moreover, Canada is among the few countries in the world, which offers highly-commercialized oil market with open policies towards foreign investment, hence has become a hot pursuit of major multi-national oil companies and state-owned oil companies.

In 2009, PetroChina acquired majority stakes of two oil sand blocks from AOSC at 1.9 billion Canadian dollars. The event signifies the beginning of the Chinese oil industry to initiate a large-scale participation in the Canadian oil sands development, and the fact caught a widespread attention from the world oil industry. At the Sino-Canada Energy Cooperation Symposium held in early March of 2010, Mr. Song Yiwu, the general manager of PetroChina International Investment Corp. (Canada), presented a detailed introduction on the background, the present status and the future prospect of the acquisition.

Present State and Future Prospect of Sino-Canadian Energy Cooperation

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Mr. Song Yiwu, General Manager PetroChina International Investment Corp. (Canada) scaled investment in developed countries. Although the development period is long, and requires intensive capital investment, it proves to generate chain-values. In comparison with investment and business operations in other countries, Canada is a country with high entry requirements, well-established legal system, strict environmental protection policies, and lack of labor resources. Moreover, there are substantial differences between Chinese enterprises and Canadian industries in issues concerning management concepts, management systems and business cultural.”

“However, it is significant to invest in Canada for PetroChina to optimize the company’s investment portfolios. Although the initial entry threshold is rigid, it will be relatively stable once established, therefore, it will be beneficial for long-term strategic development. In comparison with many other multi-national oil companies which have more than 100 years of overseas operational experience, PetroChina only has a short history of 20 years in “Going Out”. Consequently, PetroChina needs to expand the cooperation horizon with others to make more friends. Presently, it is a common practice in the Third-World countries that the resources are becoming more and more nationalized, which has resulted in the withdrawal of many multinational oil companies from its operations in such countries, hence leading to the fact that the Canadian resources becomes ideal choices to attract foreign investments due to the abundant oil and gas reserves, well regulated market and open policies. Moreover, affected by the current economy situations and policies in the U.S., Canada is also actively seeking for diversified market

mechanism, which fits well with the mutual benefits of the two countries as China has tremendous market demand on energy. Last year, Canadian Prime Minister's successful visit to China, opened the unprecedented opportunity in pursue of energy cooperation between the two countries.”

Major Challenges in Cooperation with AOSC on Oil Sands ProjectsThe MacKay River Oil and Dover oil sands blocks acquired by PetroChina are all located in the north-central Athabasca oil sands area, and the specific conditions of the two blocks are stated below:

After having completed with an evaluation, the conclusion is given below: the reservoir conditions of the two oil sand blocks meet the technical requirements for SAGD operations. The reservoirs have high porosities with oil saturation averaged between 71-73%, and the lateral continuity of payzones prove to be adequate; It has been relatively confirmed that the recoverable resource of the reservoirs is estimated at 5 billion barrels, which has potential in establishment of 10 million ton bitumen production capacities.

According to Mr. Song, PetroChina shall face multiple issues to tackle in developing the Canadian oil sands. Generally

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speaking, the problems will include the following:

· How to Make PetroChina Known Better By Canadians

“Many foreign friends have concerns about the political background of PetroChina, as it is a state-owned company in China. In fact, it is absolute not necessary of China National Petroleum oil as skeptical about the political background, but in fact it is not necessary, PetroChina is a publicly-traded company, which is managed in full compliance with the market-oriented business strategy to maximize shareholders' interests. With such a core value as the principle in business operation, the company is highly responsible in securing strategic resources, and ensuring stabilized and diversified energy supply to the Chinese market, which demonstrate no differences from other international oil companies. However, PetroChina has very distinguished business characters as the company operates an integrated market chains covering upstream, midstream and downstream operations, which involve operational capacities in oil and gas production, market distribution, sales, manufacture and oilfield services. It is no doubt that the cooperation with PetroChina shall not become any problem in market development.”

· How to Become Localized in Canada

“When a company operates overseas, it is critical to become localized in order to manage a successful operation in a foreign country. In Canada, there are strict requirements to comply with relevant laws and regulations, we therefore, shall promote a policy to attract top talents of Canadian citizens to establish a localized team to manage the production operations, commit efforts in research of the Canadian legal and financial systems, well adapt to the laws and regulations, actively participate in the Canadian economical and social systems, and establish a long-term stabilized operational platform.”

· How to Control Operational Costs

“It is well known that the cost of natural gas consumption consists 50% of the total oil sands operational expense in a Canadian oil sands project. When crude oil produced from oil sands is transported to the market, pipelines are required as supporting infrastructure. When crude oil produced from oil sands are transported through pipelines, condensate oil has to be blended as the diluting agent, i.e., if the blending composition of 33% is used, and when the annual oil sands production reaches 20 million tons, it shall require 6.6 million tons of diluting agents for transportation operations. Moreover, the shortage in the supply of Canadian labor force and raw materials shall also become a major concern, especially the problem associated with serious shortages in technical personnel and field operational personnel, shall no doubt significantly increase the cost of human resource recruitments.”

· Technology and Market Risks in Unconventional Oil Development Faced by PetroChina

"Although SAGD technology has been commercially applied for more than 10 years, it is far from mature in field applications, and the success of the field operation requires extensive supports from reservoir engineering. Several years ago, there were some failed cases when steam broke through the surface from SAGD operations, and such operations were conducted by large oil companies. Although PetroChina has made major progress in SAGD technology applications over the last few years, the potential remains at the initial stage, and major technical issues are yet to be solved. In addition, the development progress of oil sands shall be affected by the supply-demand situations in the market, or depend on the world crude oil prices.”

Measures and Strategic Plans“In regard to the policy, PetroChina shall take active efforts in seeking special supports from the state and CNPC, due to the fact that the investment in Canadian oil sands is of strategic importance. In regard to the pilot nature of the project financing, PetroChina will minimize investment risks through local financing leverage so as to best utilize the local advantages.”

“From the point of overall development plans:· Actively participate in the construction of pipelines to connect the oil sand production field to the west coast of Canada to transport the crude oil produced from oil sands for processing and refining. A bi-directional pipeline system will be used to supply condensate oil to the oil producing field. Presently, PetroChina is negotiating with Enbridge Inc., and wishes to participate in the Northern Gateway pipeline project.

· On the development strategy of “one body with two wings, simultaneously develop oil and gas "One Body Two Wings, oil and gas simultaneously": over the last few years, shale gas has experienced rapid development in north America, which has generated significant impact on the supply and demand situations in the world, and the tremendous economic value and environmental value resulted from the shale gas industrial development have attracted high attention of the

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global energy industry. The province of British Columbia, located in the west of Alberta, is the core region of Canadian shale gas assets. PetroChina will base on its current development from the oil sands project, and gradually move westwards to actively participate in unconventional gas development located in BC. Such a strategy is of great significance in promoting natural gas development of PetroChina, generating a business structure of “low-carbon economy”, and ensuring the steady supply of fuel gas to be used by the oil sands production. In regard to the oil and gas assets located in the province of Saskatchewan, located in the east of Alberta, PetroChina plans to focus on the development of conventional heavy oil projects, by using the mature technology developed in enhancing oil recovery by PetroChina to expand the existing production capacities.

· Speed up the research and development of SAGD technology applications, and also technology applied in bitumen processing with well-financed efforts and field operations.

· Utilize the preferential policies applicable to the Canadian oil sands project, and build oil refineries for bitumen modification processing.

· Plan to generate another crude oil producing area in Canada with over 10 million ton production capacity by 2020."

unconventional gasconventional heavy oil

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Company Profile Great Wall Drilling Company (GWDC) established by China National Petroleum Corporation (CNPC) in 1993, is a professional services company providing drilling/workover operations to the petroleum industry. At present, there are more than 30,000 employees operating 211 rigs and workovers domestically and overseas. GWDC has made rapid growth and gained great achievements with the effort of our dedicated employees, first-class equipment, applied techniques and efficient management. We have evolved into a world-class international comprehensive technical services provider with good prestige and strong competitiveness though years of successful operations.

GWDC's business scope covers drilling/workover contracting and related technical services, including Seismic, directional/horizontal drilling, wire line logging, mud logging, well testing, drilling fluids services, cementing, coring, under-balanced drilling, acidizing and fracturing, and also lease of drilling equipment and tools, drilling engineering design, technical consultation and training. As a general contractor, we provide package solutions from well design to well completion.

HSE-MS, QA&QC systems have been established and strictly executed in GWDC to ensure that all drilling service contracts can be implemented in a safe, efficient manner to meet international standards and the requirements of our clients. "Honesty & Credibility, Safety & Efficiency, Excellent Services& Client First" is the motto. GWDC is committed to creating the maximum value for our clients.

GWDC has successfully per formed and is currently performing drilling operations and relevant technical services in 20 countries around the world for some of the world's most recognized oil operators, national oil companies and joint venture companies, such as ESSO, Shell, Amoco, AGIP, QP(QGPC), PPL, PDVSA, PEMEX, NIOC, PERTAMINA,GNPOC, PDOC, AGIBA, OMV, SOL, PREUSSAG,OPI

and so on. GWDC is considered as one of the most credible and the best drilling contractors, and has won high appraisals and reputation from customers for its safety, quality and efficiency in the execution of the contracts.

GWDC will keep close contacts and strong cooperation in petroleum drilling and pertinent business with you and is always ready to offer the excellent drilling operations and well services as required-We aim to create a bright future together with all customers.

Business scopeDrilling and Related ServicesProviding Package Solutions from Well Design to Well Completion

As a subsidiary of CNPC, Great Wall Drilling Company is a member of the International Association of Drilling Contractors (IADC), providing package solutions from well design to well completion. Its business mainly includes:

• Seismic service • Conventional well drilling• Deep and ultra-deep well drilling• Directional and horizontal well drilling• Under-balanced drilling• Workover• Cementing• Coring• Fishing• Top-drive drilling• Drilling fluid service• Wire line logging• Mud logging• Testing

Great Wall Drilling CompanyA worldwide drilling contractor and a company of CNPC:

• Core Business in Onshore Drilling / Workover Operation & Technical Services• Complete Rig Fleet

• State-of-the Art Drilling Technology• Ongoing Drilling & Well Services Contracts in 20 Countries

• On Track for Rapid and Sustained Growth

A General Contractor for Global Market of Petroleum Engineering & Service

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Africa

Kenya 2Sudan 11Tunisia 2

Niger 3Libya 6Chad 4

Algeria 5

North America

United States 1Cuba 8

Mexico 3Canada 10

South America

PeruVenezuela 14


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China 111

Asia

Iran 4Oman 4

India 2Syria 3

Kazakhstan 16Indonesia

Europe

Azerbaijan 2 Total Rigs : 211 rigs and workovers are operating overseas.

Worldwide OperationGreat Wall Drilling Company


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A Sustainability Leader in 2010, Enbridge was named

to the Global 100 Most Sustainable Corporations,

ranking highest among Canadian companies.

Enbridge has been included in the Dow Jones Sustainability Index (North America) for the past three

years.

We've been recognized as one of Corporate Knights

Best 50 Corporate Citizens in Canada over the last seven

years.

We've been consistently ranked as one of Canada's Top 100 Employers, and in 2010 were recognized as one of Canada's Ten Best

Companies to Work For and one of Canada's Greenest

Employers.

Enbridge operates, in Canada and the U.S., the world’s longest crude oil and liquids pipeline system. The company owns and operates Enbridge Pipelines Inc. and a variety of affiliated pipelines in Canada, and has an approximate 27% interest in Enbridge Energy Partners, L.P. which owns the Lakehead System in the U.S. These pipeline systems have operated for over 55 years and now comprise approximately 13 500 kilometres (8,500 miles) of pipeline, delivering more than 2 million barrels per day of crude oil and liquids. Enbridge is also the sponsor and manager of the Enbridge Income Fund.

Enbridge is also involved in liquids marketing and international energy projects and has a growing involvement in the natural gas transmission and midstream businesses, through the Alliance and Vector pipelines and various U.S. assets that transport, gather, process and market natural gas and other petroleum products.

As a distributor of energy, Enbridge owns and operates Canada’s largest natural gas distribution company, Enbridge Gas Distribution, which provides gas to industrial, commercial and residential customers in Ontario, Quebec and New York State. Enbridge distributes gas to 1.9 million customers and is developing a gas distribution network in New Brunswick.

The company employs approximately 6,000 people in Canada and the United States. Enbridge Inc. common shares trade on the Toronto Stock Exchange in Canada and on the New York Stock Exchange in the U.S. under the symbol “ENB”.

Future development at EnbridgeAt Enbridge, strategic planning and succession planning are ongoing processes that have positioned the company well for continued growth.Our planning processes have provided Enbridge with its

basic direction today, and that basic direction remains sound. While I do foresee some course corrections, they are corrections that will be the result of the rapidly changing environment we work in.

Strategies for growthEnbridge's resources are focused on four broad strategic thrusts. The major strategies are to: Continue to expand the Company’s core business · developing and operating energy delivery infrastructure assets.

Develop new growth platforms, such renewable energy (wind and solar), CO2 transportation and sequestration and Pathfinding initiatives.

Focus on operational excellence, to ensure we are able to deliver consistent and predictable operating and financial performance while growing our asset and earnings base.

Manage and mitigate execution risk. Executing Enbridge’s unprecedented capital program demands effective strategies for mitigating and managing project development risk. Key priorities include enhanced project management systems and processes, proactive human resource planning and an increased focus on social investment.

In summaryAt Enbridge, our goal is to deliver superior earnings growth while maintaining our relatively low risk profile, and we will continue to focus on delivering total returns to shareholders that exceed those of our peers.

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Expo 2010 ShangHai China

The theme of Expo 2010 is "Better City, Better Life," representing the common wish of the whole humankind for a better living in future urban environments. This theme represents a central concern of the international community for future policy making, urban strategies and sustainable development. In 1800, 2% of the global population lived in cities. In 1950, the figure raised to 29%, in 2000, almost half the world population moved into cities, and by 2010, as estimated by the United Nations, the urban population will account for 55% of the total human population.

The quest for a better life has run through the urban history of mankind. Through different sub-themes, Expo 2010 will create blueprints for future cities and harmonious urban life styles, providing an extraordinary educational and entertaining platform for visitors of all nations:

• Blending of diverse cultures in the city

• Economic prosperity in the city

• Innovations of science and technology in the city

• Remodelling of communities in the city

• Interactions between urban and rural areas

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The China Pavilion Chinese Wisdom in Urban Development

Pavilion PreviewTheme: Chinese Wisdom in Urban DevelopmentHighlights: Traditional Dougong Style National Pavilion Day: October 1Location: Within Zone A of the Expo Site

Pavilion FeaturesThe main structure of the China Pavilion, "The Crown of the East," has a distinctive roof, made of traditional dougong or brackets, which date back more than 2,000 years. The dougong style features wooden brackets fixed layer upon layer between the top of a column and a crossbeam. This unique structural component of interlocking wooden brackets is one of the most important elements in traditional Chinese architecture. Dougong was widely used in the Spring and Autumn Period (770 BC-467 BC).

Pavilion DisplayThe contour design of the pavilion is based on the concept of "Oriental Crown, Splendid China, Ample Barn, and Rich People," to express the spirit and disposition of Chinese culture. The pavilion will have a core exhibition area on the top floor, an experience area on the second and a functional area on the first. China's achievements in urban development from ancient to modern times will be the core theme of the pavilion.

Highlight 1:Exploring "Oriental Footprint"The wisdom that the ancient Chinese used to develop cities will be showcased with programs of different styles in Section One. A video played in the multimedia exhibition will tell stories about China's vast migration from rural to urban areas over the past 30 years of reform and opening-up, people's enthusiasm for building a better city and expectations for the future. The famous picture of “Riverside Scene at Qingming Festival” will also make its appearance in the China Pavilion to illustrate the charms of ancient Chinese cities.

Highlight 2:The Experience TripExcursion trains will give visitors an appreciation of the great wisdom and achievements in China's urban development from ancient to modern times.

Highlight 3:Focus on low-carbon futureChinese people will tackle future challenges brought by urbanization in a sustainable way which takes low-carbon technologies as its core.

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World expositions have come a long way since their beginnings in London in 1851. Today, they are open windows on the world where we can discover the cultural, commercial, scientific, and technological achievements of the participating countries.

Expo 2010 Shanghai is a landmark event that is capturing the attention and imagination of the world. The six-month event, from May 1 to October 31, 2010, demonstrates how, at the beginning of the 21st century, strategic urban development can help us offer our citizens a “Better City, Better Life.” We see the exposition’s vision of urban planning and how it impacts natural resources and the environment. It also demonstrates how renewing or rebuilding infrastructure can breathe new life into cities.

For Canada, this is a unique opportunity to highlight our expertise in these fields and in many others. Canada’s theme for Expo 2010 is “The Living City: inclusive, sustainable, creative,” which reflects Canada’s history and showcases our arts, culture, and democratic values.

Canada’s participation in Expo 2010 consists of several elements. The Canada Pavilion is the focal point of our participation. While a large portion of the pavilion is devoted to the public presentation, it also includes a conference centre for special events and activities, as well as an area for administrative and operational requirements.

Other elements of Canada’s participation include a cultural program, Engaging Canadians initiatives, a business and trade program and legacy projects. The Government of Canada, together with provincial, territorial, and municipal governments as well as private sector organizations, invites everyone to be part of this historic exposition.

For more information about Canada’s participation in Expo 2010 Shanghai, please visit our Web site at www.expo2010canada.gc.ca.

Public PresentationThe Canada Pavilion offers visitors a feeling of life in a vibrant, diverse, and green Canadian city. Each individual experience is unique. Every journey through the Living City is personalised by visitors’ imagination and creativity, much the way urban lives are shaped by each individual’s decisions and contributions to the city.

The animation and interactive elements of the public presentation are complemented by music and a rich soundscape throughout.

Founding Memories pays tribute to the special relationship the Chinese people have to writing, while at the same time expressing the principles that guide Canadian urban development. The walls of words are fundamental and solid,

Canada’s Participation in Expo 2010Canadian Consul General in Shanghai Nadir Patel, Canada's Commissioner General to Expo 2010 Mark H. Rowswell, members of the Royal Canadian Mounted Police, Cirque du Soleil performers, and staff of the Canada Pavilion gather to celebrate the pavilion's opening on May 1, 2010.

Canada's Commissioner General to Expo 2010 Mark H. Rowswell, also known as Dashan, leads the first visitors to the Canada Pavilion through the public presentation on May 1, 2010.

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like the steel on which they are carved. They also reflect an evolving dialogue in urban lives.

Neighbourhoods are the Urban Heart of the city where community identity is formed. Cities are living, changing hubs, celebrated through movement, colour and vitality. This panorama of images from Canadian neighbourhoods reflects our multicultural heritage and the diversity that gives Canada its pulse and its hum. It is a towering multi-faceted portrait of the cities that inspire the country’s energy.

Aqua Magika pays tribute to Canada’s imaginative youth, with the use of water as the life-force of a sustainable city. The interplay of water and light reminds us that our cities depend on nature and make room for the green spaces that nurture us. As visitors dip their hands in the basin, animated images appear as if children dreamed the city; their laughter punctuates the dream-like music, in harmony with the pitch and beat of the Urban Heart.

The depth of Canadian creativity and the energy of cities are demonstrated through Velocity – a bike ride through the best Canadian urban practices. Visitors pedaling the whimsically-designed, interactive bicycles control their journeys through the animated cityscape.

As they speed up and slow down, so do colours and sounds of the images in front of them. For the inclusion of all visitors, hand-powered bicycles are also available. And over it all, a stylised, sculptural tree unites the interactive elements of the public presentation; a common link between city and nature. As a thoughtful finale to the journey through the Living City, visitors are immersed in a unique cinematic experience

created by Canadian film-maker, Jean-François Pouliot and the National Film Board of Canada on a 150-degree screen. Glimpses: A Human View of the Living City pays visual homage to an ordinary day in the life in a Canadian city. A panorama of images takes visitors on an incredible journey across four seasons. These Canadian moments were captured by Serge Clément and Claude-Simon Langlois, who travelled the country with a small crew in order to capture close to 57,000 unstaged images of people and places, shot over several hours and sometimes even days. The film evokes a personal story, unique to each viewer.

Royal Canadian Mounted Police Constable Jean Juneau, outside the Canada Pavilion at Expo 2010.

Exterior shot of the Canada Pavilion at Expo 2010 Shanghai

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1 2

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5 61.USA Pavilion2.Germany Pavilion3.Serbia Pavilion4.Thailand Pavilion5.Spain Pavilion6.Saudi Arabia Pavilion

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1.USA Pavilion2.Germany Pavilion3.Serbia Pavilion4.Thailand Pavilion5.Spain Pavilion6.Saudi Arabia Pavilion

7 8 9

1110

12

7.Sweden Pavilion8.United Kingdom Pavilion9.Estonia Pavilion10.France Pavilion11.Greece Pavilion12.Poland Pavilion

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Overview of the Oil PavilionLocated in Zone D, covering an area of 6,190 square meters, the Oil Pavilion was co-constructed by China National Petroleum Corporation (CNPC), China Petrochemical Corporation (Sinopec) and China National Offshore Oil Corporation (CNOOC).

The external shape of the Oil Pavilion is a combination of a rectangular block and irregular LED display structure. On the light blue surface with crisscross pattern formed by "pipelines" is a 4,000 square meters electronic screen. The visual beauty of the pavilion will surely go beyond your imagination when seen in the dark, and looks like an Oil Cube suspended in the air.

By means of 4-D films, pictures, projections and models, etc, the Oil Pavilion will illustrate the close relations between petroleum and petrochemical products and human life, brief the audience the past, present and future of petroleum industry, and the important role played by petroleum and petrochemical products in the evolution of city, human civilization and future.

Oil Extending City Dreams

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Petroleum: driving wheel of human civilizationExploring more than 10 billion years back in time and space, the Oil Pavilion unravels the mystery of the origin of life and genesis of petroleum. In particular, the Oil Pavilion shows how rapid development of cities has been achieved with the support of petroleum and petrochemical industries during the past 150 years. Petroleum: indispensable in modern lifeThe Oil Pavilion unveils intimate relationship of petroleum and its products with human clothing, food, shelter, transportation and entertainment, through showing a number of facets of human life, such as streets, food, living space, and various transportation tools, in order to prove omnipresence of petroleum and petrochemicals in our life. Besides, the Oil Pavilion also uses illustrations and models to display latest technologies and research results of oil/gas

exploration, drilling, recovery, transportation, and refining, etc. Petroleum: serve a better futureModels such as Shenzhou 7 and carbon fiber-using Airbus A380 all stress the importance of petroleum in future technological development. In addition, the Oil Pavilion explains the development philosophy and trend of petroleum and petrochemical industries that are technology-intensive, green, environment-friendly and low-carbon through shows with such themes as Future of Petroleum, Great Wall of Life, and Share a Common Blue Sky. In an era of low-carbon economy, petroleum will continue to extend city dream of a green life.

Theme The theme of the Oil Pavilion is "Oil — Extending City Dreams", which echoes “Better City, Better Life”, the theme of the Expo. The pavilion will exhibit the significant contribution of petroleum and petrochemical industries to evolution of city and human civilization, and to happy life in future.

Mascot The mascot of the Oil Pavilion is named Oil Baby. Oil represents oil and gas, while baby means growth and hope.

Content of display

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Extra Heavy Oil SAGD Pilot Test in Block Shu1 of Liaohe OilfieldBy the early 2010, CNPC has completed the acquisition of Athabasca oil sand block, and the event indicated that CNPC had consolidated its firm footing in the Canadian oil sand industry. Although CNPC and the Canadian oil industry has gone through a 30-year cooperation history, the majority of Canadian people know little about the development history, industrial development scales and technology advancements of the Chinese heavy oil industry. The paper presented below provides a brief introduction on Liaohe Oilfield, the largest heavy oil production field in China, and the application of SAGD technology in Liaohe, to assist people in better understanding the Chinese heavy oil industrial development.

1. Introduction on Liaohe OilfieldLocated in the northeast of Liaoning province in China, Liaohe is the largest heavy oil-producing field. It is estimated to have 1.086 billion tons of heavy oil in geology reserve, and currently has an annual output of 700 million tons, which account for a half of the national total in both heavy oil reserves and annual production capacities in China. Since the beginning of the heavy oil development in 1978, Liaohe Oilfield experienced several phases in development, including thermal recovery technology R&D, heavy oil development by using conventional approach, development of ultra-viscous oil, and the development of extreme-viscous oil, as well as variations in development methods. Over the last few years when the resource of unconventional crude oil and ultra-viscous oil attracted more and more attention of the world oil industry, heavy oil development in Liaohe Oilfield also demonstrated a quick-paced development. Through several years of research development and field operational practices, the steam flooding, SAGD and other technologies applied in heavy oil development by Liaohe Oilfield have proven to reach international advanced levels.

Liaohe Oifleild Company is one of the major regional companies of CNPC, and the Company is a large-scale and state-owned enterprise with principle business divisions covering oil and gas exploration and development, research and engineering, downhole services, infrastructure design and constructions, as well as equipment manufacturing. The exploration of Liaohe Oilfield was dated back to the 1950s. The exploration areas include the onshore regions of Liaohe Basin, the shallow sea of Liaohe, the surrounding area of Liaohe and the exploration area of South China Sea, which is entitled for a total area of 20.4×10 km with exploration rights.

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Zhou Liguo Drilling & Production Technology Research Institute

of Liaohe Oilfield Company

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2. The first SAGD project in China2.1 Characteristic of the reservoir Liaohe Oilfield is the largest heavy oil production base in China and its reserves and production of heavy oil account for about 50% of the total in China. The properties of the heavy oil vary greatly and reservoir conditions are complicated. To realize the effective development of super heavy oil reservoirs, SAGD pilot test with the combination of vertical injectors and horizontal producer was conducted in the super heavy oil reservoirs in Block Shu1 of Liaohe Oilfield in 2005. At present, ten well groups have been put into production and the single well fluid production reaches up to 490t/d in the pilot test area with the peak oil production of 150t/d/well. This is the first time for SAGD to be used successfully in the high efficiency development of super heavy oil in China and it will be further applied in the other super heavy oil blocks in Liaohe Oilfield. The success of the SAGD pilot test has provided an effective way to develop the super heavy oil reservoirs in China.

2.2 Reservoir Features and Selection of Pattern Configuration in Block Shu1Compared with the oilfields developed by SAGD in foreign countries, the reservoir conditions in Block Shu1 have three difficulties:

(1) The burial depth of the reservoir is great.The burial depth of reservoirs developed by SAGD in foreign countries is usually less than 500m, but the burial depth of Block Shu1 is 650-900m, making it hard to guarantee the steam quality at bottomhole and making lifting difficult.

(2) The development stages of reser voirs for SAGD development are different.In foreign countries, the reservoirs are developed by SAGD at the original reservoir conditions while in Block Shu1 SAGD was applied in the mid or later stage of CSS when the percent of reserves recovered was 15.3% in Guantao formation and 26.5% in Xing VI formation. The reservoir had been produced, so its heterogeneity was furthered and it was harder to adjust the reservoir performance and field operation became more difficult.

(3) The reservoir is of a special type.Guantao formation is a thick massive reservoir with edge, top and bottom water. It is threatened by the risk of top water channeling downwards.

At present, two pattern configurations are adopted in SAGD in foreign countries, a pair of horizontal wells and vertical well plus horizontal well. The two configurations differ not much in terms of recovery factor. As for Block Shu1, the combination of vertical wells with horizontal well has several advantages:

Firstly, the well pattern of vertical wells plus horizontal wells has already been established and the existing wells can be converted to SAGD development, saving investment.

Secondly, steam can be injected at multiple well points to prevent steam breakthrough at single points and it is hard to control steam injection profile in horizontal wells with the present technology.

2.3 Supporting Techniques(1) In terms of well trajectory design, “J” shape trajectory is designed for Guantao formation.

The slant section is drilled through the water layer and 80m into the mudstone below the oil formation and then drilled upwards to the layer of interest to drill the horizontal section, thus the cementing quality is ensured and the oil pump can be set 30m further downwards and the long-term baking of the top oil/water interface by the high temperature produced fluids which can be avoided.

(2 ) Self-developed sphere steam water separator can improve the steam quality from 75% at the inlet to over 95% at the outlet through three-stage separation ( 4 cyclone separator cartridge, sphere space separation and membrane separation).

(3) Wellbore heat insulation technique is provided by using steam injection pipestrings consisted of vacuum heat insulation pipe, two stage packer, heat insulation pipe joint and telescopic pipe to ensure the bottomhole steam quality

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greater than 70%, realizing intermittent steam injection.

(4) High temperature resistant oil pumps with the diameter of φ120mm and φ140mm have been introduced from abroad. Based on field application results, they have been performing normally for more than one year with the pump efficiency of over 70%. At present, research has been taken to make the pumps home-made and field test of the home-made pumps has begun.

(5) As for pumping units, Model 22 tower pumping units have been developed with proprietary intellectual rights. The units have the stroke of 8m and stepless adjustable pumping speed of 0-4times/m. Based on field application results, the entire units have been performing reliably and working well with the imported oil pumps without any mechanical failures.

(6) To realize on-line metering of the SAGD produced fluids in the flowline, gravimetric skip flowmeters have been developed, thus the previous metering from the tanks for single wells is replaced by automatic metering and volume metering is replaced by weighing metering and tape reading calculation is replaced by direct reading. The max measuring range of the flowmeter is 500t, the max working temperature is 150 ℃ and max. working pressure is 0.8MPa with the metering accuracy of ±2%. The flowmeter has been applied in the field for 4 years and has been proved reliable.

2.4 Production Situation of the Pilot Test and Results EvaluationBy June 28, 2007, 10 well groups had been converted to

SAGD development, including 22 vertical injectors with steam injection of 2493t/d. Fluid production amounts to 2381t/d and oil production amounts to 534t/d with the watercut of 77.6%, instantaneous oil/steam ratio of 0.214 and instantaneous production factor of 0.955.

(1) Situation of SAGD well groups in Guantao formation By June 28, 5 well groups had been converted to SAGD development including 12 vertical injectors with steam injection of 1233t/d. Fluid production amounts to 1267t/d and oil production amounts to 398t/d with the watercut of 68.6%, oil/steam ratio of 0.323 and production factor of 1.028.

(2) Situation of SAGD well groups in XingVI formation By June 28, 5 well groups had been converted to SAGD development including 10 vertical injectors with steam injection of 1260t/d. Fluid production amounts to 1114t/d and oil production amounts to 136t/d with the watercut of 87.8%, oil/steam ratio of 0.108 and production factor of 0.884.

2.5 Understandings(1) High recovery factor can be achieved with SAGD started in the later stage of CSS.CSS development was converted to SAGD development in Block Du84 when the percent of reserves recovered by CSS was at 15-20%. Based on the program design, the recovery factor can reach 56.1% in Guantao formation and 53% in Xinglongtai formation. According to the follow-up research, high recovery factor can be obtained with SAGD at the later stage of CSS.

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(2) The super heavy oil SAGD pilot test project in Block Shu1 has been regarded as the number one project among the ten important development test projects in PetroChina. After years of research, the pilot test project has finished its test assignments and the project is ready to be expanded.

(3) It is estimated that recoverable reserves in Liaohe Oilfield can be increased by 0.1billion tons and the life of the oilfield can be extended to over 8 years if the development of super heavy oil with SAGD is commercialized. It is of great importance to the development of super heavy oil, improving the overall heavy oil development level in China and ensuring the stable production of Liaohe Oilfield.

3. Environment Protection and EcologyLiaohe Oilfield is headquartered in Panjin City, which became a municipality and prosperous because of the oil development in the area, hence assembles similarities with Fort McMurray in Alberta. Panjin is recognized to have the best preserved wetland resources of the world, which covers a total area of 3150 square kilometers, and accounts for about 80% of the total land area in the city, therefore is known as the "Wetlands of International Importance, and the Most Beautiful Wetland in China."

Shuangtaikekou is the national nature reserve covering a total area of 128,000 hectares. The wetland has a spectacular view, and is known to be the world's best preserved wetland in ecosystems, and also recognized as the “Capital of Northern Wetlands”, and the "Birds’ Paradise". The wetland grows the largest reed fields in the world, where has habituated with 253 species of birds, water birds, and more than 31 protected species in national I and national II categories, including the red-crowned cranes, and the black-beaked gulls.

Panjin cultivates the largest fresh water crabs in the northeast region, and Hehai wetlands produces a large

quantity of fresh water fish, crustaceans and shellfish, amongst which Huarong crab and clams are known as the "Best-tasted” both in China and internationally. In recent years, it has become more and more trendy that people enjoy environment-friendly leisure travel which encourages people to embrace the nature. More and more people have discovered the charm of Panjin, enjoy going to the wetlands to breathe the fresh air, see the spectacular view of the green reed and red beach, watch flocks of birds in the nature of different seasons, and feel the harmonious co-existence of human-being with the nature and birds.

4. International Cooperation: Liaohe Oilfield provides technical services to both domestic and international market with expertise in heavy oil and high-viscous oil exploration and development, advanced oil production technology applications, integrated engineering services and supply of oilfield equipment. The company has facilitated extensive cooperation with companies and enterprises in more than 20 countries, including those from the United States, Norway, and Brazil. Liaohe has provided various technical services associated with technology research, engineering, downhole services, oilfield constructions, and supply of oilfield products to oil companies from more than 10 countries including Kazakhstan, Venezuela, and Sudan. The company has experienced a steady-growth in business development worldwide. With more and more international development in heavy oil production, Liaohe Oilfield will be fully equipped to demonstrate its unique technology application strength, advancement in equipment and product supplies, world-class technical service capacities and reputations to the world market.

In the World Heavy Oil Conference held in 2006 and 2008, there are 15 papers selected for presentation to the conference.

Steam GeneratorOil Sample from SAGD project

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CAPC Work Review 2009-2010

The Year of Technical Exchange 2009

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The Year of Technical Exchange 2009

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75 61 & 2. First Session of the Fourth CAPC Board

3 & 4. Meeting with University of Regina

5. 2009 CIPPE

6. Delegation of Saskatchewan Government visited CNPC

7. Delegation of Nova Scotia visited CAPC

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8 & 9. Workshop on Technique of Flushby

10 & 11. Engineering Management for Large Projects in the Energy and Petro-Chemical Industry

12. Contract Management & Administration

13. Acid Gas Injection in Engineering Design Aspect Seminar

14. Heavy Oil Production Technology Seminar

15. Geochemistry in Shale Gas Exploration and Production Seminar

16. Liaohe Oilfield Technical Tour


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2010 Technical Exchange January-April

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1. Kinder Morgan Pipeline Company Officers visited CAPC

2 & 3. Heavy Oil Reservior Management Seminar

4.5.6 Canada Oil & Gas Technology Workshop

7. The assistant deputy minister of Alberta Government John Cotton visited CAPC

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Enhancing Professional Training


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Life is like a series of journeys, footmarks of each journey will form the river of life, rolling forward; Although one may be too busy to remember what happened in a journey, the most beautiful memories still can be deposited through time and become more clearly as time goes on. Just like the 4-month Petroleum Executive Program which I took last year together with other seven executives from CNPC, it was such a journey that I enjoyed very much. With the help of CNPC-Alberta Petroleum Center (CAPC), I stayed in the beautiful and quiet Edmonton, Canada, for nearly 4 months. For the one who had been working for more than 10 years continuously, the days when I could care nothing else but concentrate on study are the best return of life.

In the city of Edmonton there are not only the biggest Western Mall in the world, all kinds of shops, cinemas, skiing resorts and seaside swimming pool, but also the famous University of Alberta - The best university in the overall evaluation in Canada (Maclean Magazine, 2007). The Saskatchewan river winds through Edmonton. In the tranquil and quiet river, one could even see clearly the silky small stones on the river bed. I used to stand on the bridge to

The Unforgettable MemoriesFor the living days in University Of Alberta, Canada

DongMei Wang, former Financial Officer of Fushun Petrochemical Company

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look up at the blue sky. The autumn white clouds and the river combine together in the far end of the river. On one side is downtown with plenty of skyscrapers. One of their Edmonton Houses which I stayed is watching the river all the time. The other side of the river is surrounded by trees and small hills, the red walls with grey roofs of University Of Alberta are hiding under the branches of the tall trees.

There are more than 35,000 registered students, around 170 master and 200 bachelor subjects in the University of Alberta. U.A. is also an international university with over 1,500 foreign students from 105 countries. With the perfect academic atmosphere for the students, U.A. is trying to make a relaxed study environment convenient for obtaining knowledge. There are lots of libraries and computer labs. The students can surf on the internet and borrow books free by student ID. I like the Rutherford library best and spent lots of my time there. Rutherford library has 2 different studying places – Discussion room and Quiet room. Discussion room is the working place for team-working. The students discuss with each other on reports or presentations; Quiet room is always quiet for the one who likes to study by oneself. If feeling tired, one can buy a cup of coffee in the Subway through the circle of corridors inside the library. If wanting to go downtown, there is a subway station right beside the library, and transit center is on the opposite of the library. Outside is the lawn under luxuriant trees. The graduates’ abstracted steel sculptures of The Mechanical School are there. Sitting on the bench leisurely enjoying for the time being the quietness of life, you may encounter the long-tailed naughty squirrels in front of you, eating nuts from their small claws and staring at you from time to time with their dark big eyes.

CAPC arranged us to join the courses of School Of Business which is in the 100 top-level business schools in the world (The 88th business school in the world, evaluated by Finance Times, London, 2008).. We were auditors in some MBA courses of business school and will have some extension courses. The MBA students that I joined in were having their second year in MBA course. They were from different backgrounds and with different ages. Some of them were part-time students while the others were experienced full-time students. They were familiar with each other and enjoyed the entertainments of the school - In other words, they are classmates today

but maybe competitors in the future. They had strong competing consciousness. The professors were very erudite and always took the newest financial information for examples from Canada, United States or Europe, while the students had their own minds on each case. I was trying to overcome the language obstacles in the first month. Pre-study before class, review after class, still I staggered and tried to follow hard with what were going on around the class. With the help of John Doyle and Le hang, luckily I got the chance to select these courses, which are Prof. Felipe Auguerrevere’s ‘Risk Management’, Prof. David Mclean’s ‘Investment’, Prof. Roger Carrier’s ‘Business Case Management’, Prof. Louise A, Miller’s ‘Interpersonal Relationship In Business’, and Prof. Mike Gibbins’ ‘International Accounting’. Professors always assigned homework with case studies, reports and presentations. Different professors for different courses had their own emphasis on the teaching style. Each of them is like an electronic library with unlimited energy. It seems they know everything within their scopes. After overcoming the initial difficulties, I started to search websites and books related to my subjects like all the other students, who were not only getting the knowledge from the books but also learning the way how to get it and tackle problems. Each case that the professor presented was a real business experience, it intrigued your learning interests and the wish to search, motivated you to take a further study from time to time. Now I still remember when I took my farewell to Prof. Auguerrevere. I said sorry for the contents that I could not understand, he smiled kindly and said, “It is ok. At least you get your way to find where it is now.”

Besides the strenuous study of MBA courses, in order to let us know more about the oil industry in Alberta and Canada, CAPC and School Of

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Business invited Mr. Philip Shun, who is the ex-officer in the Energy Department of Alberta, to give lectures on ‘Overview of the Canadian Petroleum Industry’, ‘The Oil and Gas Taxation and Royalties Regime in Canada/Alberta’; Invited Dr. Edy Wong to give a lecture on ‘Intercultural Communication and Management’, which was made with lively explanations and wonderful examples to show the way how to communicate with persons with different cultural backgrounds; Arranged us to vis it 7 petroleum-related companies and centers in Alberta, which made us know more on the energy resources in Alberta and Canada. In the same time, Mr. John Doyle suggested warmly to us with 30 Guest Lectures and 36 Energy-related Reports within the campus. He also organized 17 colorful activities for us during after-class time.

Four moths of study was such a short time that it ended when I felt I was melting into it. But there are still lots of unforgettable memories in my mind. Those times when professors humor made us laugh with the other students of MBA; The first time to watch Opera Carman, when the audiences applauded warmly to welcome us the Chinese guests from afar. The night we celebrated our National Day with Chinese Canadians together with dragon dancing, National Song singing, from seventies to kids, all of us together; For the female hockey game between China and U.A., we waved with our red national flags and cheered…… There are so many beautiful days for me to cherish, but the most unforgettable one is the public presentation we did in the international center of the School of Business. The topic was the difference between Chinese and Western cultures through our own eyes. When we got the

invitation each of us was nervous and excited. We thought the same thing- Do It & Do It Well! In order to get the perfect effects, we selected our guidelines carefully, designed beautiful PPT, rehearsed for lots of times together, prepared the questions which might be asked by audiences, and even the gestures and emotions we used. The School Of Business posted a notice for the presentation. On the day of the presentation, we said proudly to the audiences, “We are from China. We are from China National Petroleum Corporat ion. Although we have di f ferent cultures and living styles, each of us is the same just like you, peace-loving, enjoying the life and environment-friendly!” We ended our presentation accompanied by warmly applauds of the audiences. Our enthusiasms on our country were looked like several small kindling, lighting the fire in their eyes. The audiences surrounded us and asked questions on CNPC as soon as the presentation was over. How many persons could remember CNPC through a successful presentation I could not know, but as an ordinary employee of CNPC, I had the chance to introduce our vigorous company in a foreign country, I feel I am greatly honored.

One always says if you were not abroad, you may not know how you love your motherland. I am proud of being a Chinese as well as a member of CNPC.

The beautiful Edmonton gives us the most unforgettable memories through the green summer ,golden autumn and white winter. When we parted it reluctantly, suddenly CNPC principles: Patriotic, Creative, Practical and Dedicated resounded in our hearts.

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"We are presently in search of a non-hazardous waste disposal technology which can be used directly to treat the wastes generated from drilling and well completion of offshore operations. It is preferable that an integrated physical-chemical process can be used to allow recycling of payzone drilling fluids, and at the same time to allow non-hazardous disposal of the solids contaminated by the formation of oil and water. If your company or organization is specialized in promoting such technology applications, please send us an introduction to describe the technology, together with some application references to illustrate the effects and efficiencies from field operations. Your active participation is greatly appreciated."

Xitao MACNOOC Energy Technology & Services Limited

Technology in Need

“Technology in Need” is a new column recently opened in “Bridge”. I f you have any quest ions or requirements concerning technology applications associated with the oil and gas industry, please simply write to us. We shall post your questions or requirements in the magazine presented by both Chinese and English, which offers an opportunity to have professionals and authorities from both China and Canada to help you find appropriate solutions to solve your specific concerns.

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CNPC-Alberta Petroleum Centre2nd Floor Science & Technology Building #20 Xueyuan Road,Haidian District, 100083Tel:8610-83598522Fax:8610-83598529

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