China Shale News Review – Feb 22 , 2024
Review of China’s Energy Events in 2023
◊ 8000 horsepower – China’s largest horsepower electric drive fracturing sled completed its debut
In January, the first zipper fracturing construction in Jiangsu Oilfield began. The 8000 electric drive fracturing sled has a power of up to 8000 horsepower, which is currently the largest horsepower electric drive fracturing sled in China.
◊ Listing! New oil service giants emerge
In April, multiple enterprises jointly established Xinjiang Kunlun Petroleum Group to vigorously promote the development of oil and gas fields, and the market competitiveness is still promising in the future.
◊ How many years can China’s oil and natural gas be extracted- The latest announcement of oil and gas resource reserves by the Ministry of Natural Resources
In June, the Ministry of Natural Resources announced the oil and gas resource reserves for 2022, and ECF conducted calculations and analysis on the data, believing that it is necessary to further increase exploration and development efforts for oil and natural gas.
◊ Add 55 academicians! This domestic energy expert has been selected
In June 2023, the results of the Canadian Academy of Engineering academician selection were announced, and Professor Cao Yunxing, an expert in the field of coalbed methane/fracturing in China, was selected.
◊ Summary and organization of annual exploration and development conference materials for three barrels of oil
In December, the annual exploration and development conference for three barrels of oil concluded, and ECF summarized the final results, major exploration discoveries, and key technologies of the annual exploration and development conferences of PETROCHINA, SINOPEC and CNOOC.
(Source: Energy China Forum)
