China Petroleum and Chemical Corp., known as Sinopec, said on Dec. 14 it has added 104.88 billion cubic meters (Bcm) of newly proven natural gas reserve at the Baima Block in Fuling shale gas field in China’s southwestern Sichuan Basin.
The new reserve, certified by the Ministry of Natural Resources, drives the field’s total proven reserve to nearly 900 Bcm, accounting for 34% of China’s total proven shale gas reserves, Sinopec said in a statement.
The highest cumulative gas output of a single well at the Baima Block exceeded 30 million cubic meters, as of end-November, which is at a relatively high level among China’s domestic atmospheric shale gas wells and confirms “a good prospect” for profitable development, the firm said.
The Fuling shale gas field has launched 643 wells, churning out more than 41.2 Bcm of natural gas. Fuling is China’s first commercially developed large-scale shale gas field.
Recommended Reading
Chevron’s Gulf of Mexico Anchor Project Begins Production
2024-08-12 - Chevron and TotalEnergies’ $5.7 billion floating production unit has a gross capacity of 75,000 bbl/d and 28 MMcf/d.
Kosmos’ Stars Shine Bright in 2Q
2024-08-08 - With the startups of Jubilee Southeast and Winterfell, Kosmos Energy is halfway to achieving its production goal.
Talos Buys Interests in Monument GoM Development
2024-08-13 - Talos Energy acquired a 21.4% interest in Monument in the U.S. Gulf of Mexico for $32 million in the second quarter. First production of up to 30,000 gross boe/d is expected by late 2026.
Crackin’ It at Kraken: Inside the Bakken’s Ramped-up Private E&P
2024-07-24 - Kayne Anderson-backed Kraken Resources is producing more than 80,000 boe/d today and has a new Fitch Ratings credit score to take to the M&A bank.
E&P Highlights: Sep. 2, 2024
2024-09-03 - Here's a roundup of the latest E&P headlines, with Valeura increasing production at their Nong Yao C development and Oceaneering securing several contracts in the U.K. North Sea.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.