Sinopec achieves a new breakthrough in China’s Sichuan Basin
Published by Emilie Grant,
Editorial Assistant
Oilfield Technology,
Recently, the first-phase proven geological reserves of Fuxing Oilfield – 20.1 million t of oil and 12.35 billion m3 of natural gas – submitted by Sinopec Exploration Co. and Sinopec Jianghan Oilfield have been reviewed and approved by China’s Ministry of Natural Resources.
This marks the birth of the first shale oil field in the Sichuan Basin, as well as the first oil field in Chongqing.
Shale oil is the 'black gold' hidden in organic-rich shale formations. Sinopec has continued to expand its exploration efforts and confirmed three major new oil fields in large shale formations.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/11082025/sinopec-achieves-a-new-breakthrough-in-chinas-sichuan-basin/
You might also like
Not for decoration: hydrotesting Christmas trees
In the oil and gas industry, 'Christmas trees' are not a seasonal decoration. They are critical components that make it possible to control and monitor the wellhead and stop the oil flow in an emergency.