The Research Institute of Petroleum Exploration and Development (RIPED) was established in 1958. It is the R&D center of China National Petroleum Corporation (CNPC) and PetroChina Company Limited (PetroChina). Its research activities cover the areas in upstream petroleum business including strategic development planning for CNPC/PetroChina upstream business, R&D for major fundamental applied theories and techniques, and E&P technical support for the company's oil/gas projects around the world.
RIPED headquarters is based in Beijing and its three subsidiary research branch institutes are located in Langfang, Hebei Province, Lanzhou, Gansu Province, and Hangzhou, Zhejiang Province. RIPED boasts its approximate 2,000 research professionals, including 6 highly recognized members of the Chinese Academy of Sciences (CAS) and the Chinese Academy of Engineering (CAE). RIPED also has 16 national/corporate level key laboratories, represented by the State Key Laboratory of Enhanced Oil Recovery and the National R&D Center of Shale Gas.
Through its devoted efforts in the past more than 50 years, RIPED has made contribution to the progress of petroleum technology and development of Chinese petroleum industry. It has been involved in petroleum exploration and production researches in most of the major oil/gas fields in China and CNPC/PetroChina overseas oil/gas projects. It developed new theories and technical expertise to meet specific technical challenges in complex geological and reservoir conditions onshore China.