China Shale News Review – Aug 14 , 2023
◊ 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.
◊ All 9 wells of the “No.1 Project” in Jianghan Oilfield have been drilled
The completion of the drilling of the Hongye 8HF well in the Hongxing area of Jianghan Oilfield marks the completion of all 9 wells of the Hongxing 50 billion cubic meter reservoir expansion project.
◊ The business performance of Shengli Geological Logging Company has reached a new high in the past 5 years
Shengli Geological Logging Company strengthens the promotion and application of advantageous and characteristic technologies, actively explores internal and external markets, and promotes steady improvement of business quality and efficiency.
◊ Successful Fracturing of the First Shale Oil Well Outside Jiangsu Oilfield
The completion of fracturing of well kunye 1hf has set four new fracturing records in Sinopec southwest, including the highest fracturing discharge, average single section sand addition, highest single section sand addition and highest sand ratio.
◊ Qinghai Oilfield Shale Oil Large Scale Fracturing Construction Completed
Bohai Drilling Company completed large-scale fracturing construction of Chaiping 3 Well in Qinghai Oilfield, and set a record of 3 segments of one-day fracturing construction in the block.
(Source: Energy China Forum)
