Reuters: Sinopec raises output from east China shale oil field
Published by Alfred Hamer,
Editorial Assistant
Oilfield Technology,
Reuters has reported that Sinopec is advancing development of shale oil at its pilot project Jiyang in east China, now pumping 1600 t/d (11680 bpd), up from 100 t in 2021, the state oil and gas group said on Wednesday 16 October 2024.
Following a call from the central government to boost domestic energy security, China's national oil companies are making greater efforts to tap hard-to-extract shale deposits to help compensate for older, fast-depleting conventional oilfields.
Currently Jiyang has 36 wells that each pump more than 100 t/d, with the Fengye 1-1HF well having the highest daily output of 262.8 t, Sinopec said. The Jiyang shale oil zone, part of the ageing conventional Shengli oilfield, has an estimated shale oil resource of 10.5 billion t, of which 1.73 billion t have been identified as prospective reserves, Sinopec said. Despite the huge resource size, shale oil remains among the geologically most challenging and costly types of oil to explore and produce, with output making up only 1% of China's total crude oil production.
Image: Sinopec logo, credit: Reuters
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17102024/reuters-sinopec-raises-output-from-east-china-shale-oil-field/
You might also like
Chevron achieves first oil at Future Growth Project in Kazakhstan
Chevron Corporation has announced that its 50% owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan.