Science and technology innovation strategy for China’s resources exploration under the new normal

As one of the traditional industries，resources exploration is now facing new development opportunities and challenges in the context of new normal.While showing critical importance in mitigating the contradiction between resource supply and demand in China，the resources exploration industry is challenged by some emerging constraints，such as rising exploration depth and risks，shrinking investment and inadequate professionals.At present，it’s essential for China’s resources exploration industry to stick to the development trend featured as exploring potentials from the shallow to the deep while lowering the cost and increasing the benefit.Science and technology (S&T) innovation is considered as a fundamental guarantee for realising this development method.In the aspect of research and development (R&D)，more attention should be paid in developing metallogenic theory and hydrocarbon reservoir theory.Meanwhile，it’s of great importance for China to strengthen its own innovation capacity in developing practical exploration technologies and equipment.In the aspect of S&T management，the work concept should be transferred from purely project management to innovation management，which covers all innovation elements.With the combination of knowledge，technology and management innovations，S&T could effectively promote the security of resources supply as well as support the sustainable development of China’s resources exploration industry.