PetroChina Taps Shale Oil in Aging Western China Field

After achieving breakthroughs in shale oil explorations, top Chinese oil and gas major PetroChina now aims to build a pilot zone to pump one million tonnes of crude a year by 2025, parent company CNPC says.

Reuters

Top Chinese oil and gas major PetroChina is exploring shale oil in an aging western China basin and aims to build a pilot zone to pump one million tonnes of crude a year, or about 20,000 bbl/d, by 2025.

The state giant started drilling four horizontal wells in Yingxiongling in Qinghai oil field, part of the Qaidam Basin in western province of Qinghai where oil exploration began in the 1950s, Petrochina’s parent company CNPC said on March 29.

PetroChina aimed to build the pilot zone with annual production of 100,000 tonnes this year, expanding to 500,000 tonnes a year by 2023, after having achieving breakthroughs in explorations in 2021, CNPC said on its website.

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