China Shale News Review – Nov. 11 , 2024
◊ Oil field breaks record for fastest completion of drilling
On October 22nd, good news came from Fuman Oilfield, the largest ultra deep oil field in China. The Manshen 7-H7 well was successfully drilled in 82.44 days, with a total depth of 8821 meters, 76.56 days ahead of the design cycle and a speed increase of 48.25%, breaking the record for the fastest completion of a 8500 meter deep well on land in China.
◊ China’s shale oil well production reaches new high
According to the News and Newspaper Abstracts of the Voice of China, China National Radio and Television, Sinopec announced 20th that the peak daily oil production of a single well in the Shengli Jiyang Shale Oil National Demonstration Zone was 262.8 tons, setting a new record for the highest daily oil production of a single well in China, and the predicted resource volume is expected to reach 10.5 billion tons.
◊ Significant progress has been made in the exploration of a large shale gas block in Wuhan
The horizontal well drilling project of E’en Ye 2HF recently passed the expert acceptance organized by the Wuhan Geological Survey Center of the China Geological Survey and was rated as excellent.
◊ The latest fracturing technology in Changqing Oilfield has achieved complete success
Recently, after upgrading the equipment, wide particle size wet sand fracturing (referred to as “wet sand”) has been put into production and application on the shale oil fracturing platform of Longdong Oil and Gas Development Branch in Changqing Oilfield. Compared to the widely used quartz sand currently, it can save costs of about 120 yuan per cubic meter, which plays an important role in reducing costs and increasing efficiency in Changqing Oilfield.
◊ Daqing Drilling Company was established
On November 1st, the founding meeting of Daqing Drilling Engineering Co., Ltd. was held. Since the specialized restructuring symposium of Daqing Drilling was held in March 2024, China Petroleum Group has initiated the restructuring work of Daqing Drilling. Detach and restructure Daqing Drilling from Daqing Oilfield, and transfer it to the China Petroleum Engineering sector, under the management of China Petroleum Technical Service. Daqing Drilling has also been upgraded from a deputy bureau level unit to a bureau level unit.
(Source: Energy China Forum)
