Abstract: The Fifth Five-Year Project of oil and gas exploration established by Daqing Oilfield Company focuses on pursuing long-term development, making overall plans and taking all factors into consideration, completing system subsidiary projects by adjusting structures, improving theories, and developing technologies to achieve big discoveries and breakthroughs in oil and gas exploration. In the past five years, Daqing Oilfield Company has stabilized its oil and gas exploration by improving the Fifth Five-Year Project and achieved a lot, greatly accelerating the development of its oil and gas exploration and ensuring the implementation effect of oil and gas exploration in Daqing oil province. Based on the analysis of the Fifth Five-Year Project, it is concluded that principle is decisive, preset loading is the basis, and new technology holds the key to application

Key words: oil-gas exploration, the Fifth Five-Year Project, practice, effect, Daqing Oilfield