???By relying on advantages of the integration of ZPEC’s drilling and completion engineering services and oil equipment manufacturing, Zhongman Group has emphasized on many oil and gas exploration and development projects in rich oil and gas areas along the pathway of "Belt and Road" from domestic to international and also actively implemented the strategy of exploration and development. These have made a series of encouraging breakthroughs. ZPEC has completed the bidding, tendering, exploration, discovery and pilot production of Xinjiang Wensu Project, which has directly led the ZPEC to become the first private enterprise to be awarded the upstream oil and gas exploration permits and exploitation & production licenses by the Ministry of Natural Resources of China, and the first private enterprise to be qualified the domestic review report of new incremental oil and gas proven reserves. At overseas, ZPEC has also successfully acquired both Tenge Oilfield and Coastal exploration project in Kazakhstan, which the grand total of Petroleum Initially In Place (or “PIIP”) was estimated at nearly 300 million tons and the discovered PIIP of circa 120 million tons have been approved by the Kazakhstan government.

In 2020, Zhongman Group had a new incremental proven oil-bearing area of 8.39 square kilometers, and a new incremental proven oil reserves of 30.11 million tons, and new incremental proven dissolved gas reserves of 304 million cubic meters, and new gas bearing area of 2.23 square kilometers, and new natural gas reserves of 449 million cubic meters (Block 7, North Wensu Oilfield, Xinjiang Wensu Project). ZPEC produced 500,527.7 tons of crude oil and 12.83 million cubic meters of natural gas in 2022.