Sinopec announces major shale gas discovery in Sichuan Basin

Sinopec announces major shale gas discovery in Sichuan Basin

Sinopec subsidiary Southwest Oil & Gas Company of China Petroleum & Chemical Corporation has discovered new shale gas reserves in the Jinshi 103HF exploratory well deployed in the Sichuan Basin.

With a daily natural gas production reaching 258,600 cu m and an evaluated resource capacity of 387.8 bcm, it is a major breakthrough for China’s shale gas exploration, and the first discovery in the Cambrian Qiongzhusi Formation.

The find has significantly expanded shale gas reserves and will further promote shale gas exploration and production in the region.

The Sichuan Basin comprises two main formations, the Longmaxi and Qiongzhusi. The former has seen significant exploration and production including China’s first deep shale gas field, Weirong, while Qiongzhusi boasts the most potential for future exploration.

The breakthrough will provide a strong impetus for expanding shale gas exploration and development from the single formation to reach new formations and field types, and contribute to build a national natural gas (shale gas) reserve with 100 bcm of capacity in the Sichuan and Chongqing region.

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