China Shale News Review – Sept 5 , 2022
◊ The First Continental Fault Basin Shale Oil Area Unveiled
SINOPEC Jiyang continental fault Lake Basin shale oil national demonstration zone was inaugurated. It is estimated that by 2025, the area will achieve 100 million tons of proven geological reserves of shale oil, 1 million tons of new production capacity, and 500k tons of annual shale oil equivalent.
◊ China’s First Million Ton CCUS Project into Operation
The largest CCUS whole industry chain demonstration base and the first million ton CCUs project built by Sinopec were put into operation in Shandong.
◊ Changqing Implements the Largest Gas Turbine Power Generation All Electric Drive Fracturing in China
Changqing Downhole Company has completed 30 sections of fracturing transformation for the largest gas turbine power generation all electric drive fracturing in China in well cluster Jing 77-27.
◊ The 100th Power Catwalk of Baoji Petroleum Machinery Went Offline
The 100th new electro-hydraulic catwalk of Baoji Petroleum Machinery was successfully put off the production line, marking the development of oil and gas equipment automation.
◊ Fracturing of the First Shale Oil Test Well Group in Shengli Oilfield
The fracturing of Fanye 1 extended test well group, the first shale oil well plant in Sinopec Shengli Oilfield’s eastern oil region, was completed.
◊ Southwest Petroleum Bureau Won 2 More Invention Patents
Southwest Petroleum Bureau has obtained two more invention patents in terms of fracturing technology, namely “determination method of critical flow of proppant backflow wellbore after fracturing well pressure” and “an evaluation method of total net pressure in fracturing fracture”.
(Source: Energy China Forum)
