Page 30 - 2024 CPC Corporation,Taiwan

Research and Development - Innovation Driving Transformational Energy
Research and Development
Research and Development (R&D) has been a core value for CPC’s technological innovation and corporate sustainability. Accordingly, three major R&D institutes were established: the Exploration & Development Research Institute (EDRI) in Miaoli, the Refining & Manufacturing Research Institute (RMRI) in Chiayi, and the Green Technology Research Institute (GTRI) in Kaohsiung.
The EDRI primarily analyzes domestic and foreign geological/stratigraphic data for evaluating oil and gas reserves, technological development in exploration, drilling and extraction methods, environmental monitoring, geothermal resource development, and carbon sequestration. The RMRI plays a leading role in the R&D of high- value-added petrochemicals, promoting the circular economy, controlling pollution, improving refinery structure or configuration, and resolving on-site production problems. The GTRI is dedicated to R&D into biofuels, renewable energy, and green materials, and is responsible for the pilot production on advanced projects. CPC’s expenditure on R&D in 2023 amounted to about NT$3.699 billion. The R&D achievements are described below.
Exploration & Development Research Institute
• Through 2D basin modeling and previous studies, together with the analysis of structural restoration and basin evolution, we were able to strengthen the understanding of petroleum systems in the offshore regions of southwestern Taiwan. The results from 3D seismic attributes and facies indicate that the deep-water zone harbors have the potential for exploration.
• We have completed an evaluation of the oil and gas potentials in the Indonesian field and, through recently- acquired seismic data and updated interpretations, we have finished prospect selection and resource estimation to be used as a reference to select locations for exploration wells.
• We have continuously updated 3D geological structural and property models of the Oryx field in Chad in accordance with the latest drilling data. In addition, based on the updated models, we were able to update the reserve, make plans for enhanced oil recovery through a waterflooding strategy, and present a proposal for two new wells to the OPIC Africa branch.
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