China Shale News Review – Sept 11 , 2023

 

◊ A Technology of PetroChina Has Set a New World Record

Pioneer ultra-deep penetrating penetrator independently developed by PetroChina has set a world record again, raising the perforation depth to 2258mm, and passed API certification.

◊ CNPC Logging Has Built a Top Laboratory

The perforating technology research laboratory of CNPC Logging Company completed the normal pressure and high pressure collapse test of the perforating gun pipe, providing test data for the finalization of the company’s pipe.

◊ China Petroleum’s Operating Performance in H1 Reached Its Best Level in History

The net profit attributable to the shareholders of the parent company is 85.27 billion yuan, with free cash flow exceeding 100 billion yuan for the first time. The financial situation continues to be healthy and good.

◊ First International Standard in China’s Shale Gas Field Has Been Officially Released

The international standard ISO 7055:2013 “Test Method for Drag Reduction Performance of Smooth Water in the Upstream Field of Natural Gas”, led by Southwest Oil and Gas Field Company, has been officially approved by ISO.

◊ Further Expansion of Strategic Cooperation on Electric Drive Fracturing Equipment of Baoji Oilfield Machinery

Baoji Oilfield Machinery and Aoais Energy Technology Chengdu Co., Ltd. (hereinafter referred to as “Aoais”) signed a strategic cooperation agreement in Guanghan, Sichuan.

 

 

(Source: Energy China Forum)