【ECF Weekly】2 Shale Gas Exploration Rights are Listed for Sale
【ECF Weekly】2 Shale Gas Exploration Rights are Listed for Sale
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ECF China Shale Week Report - Dec 15, 2023
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2 Shale Gas Exploration Rights are Listed for Sale
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On December 1st, the Department of Natural Resources of Guizhou Province listed two shale gas exploration rights, including Danzhai 1, for sale. The exploration right is listed for sale this time, and the exploration mineral is shale gas, with an initial transfer period of 5 years.They are shale gas exploration in Block 1 of Danzhai, Guizhou, with an area of 198.6586 square kilometers and a starting price of 1.59 million yuan; Exploration of shale gas in Block 2 of Danzhai, Guizhou, with an area of 101.5969 square kilometers and a starting price of 820000 yuan
Exploration & Production
【China’s Shale Gas Single Well Cumulative Production Record Breaking
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On the 11th, Sinopec announced that the cumulative production of Jiaoye 6-2HF well in Fuling shale gas field has exceeded 400 million cubic meters, setting a record for the highest cumulative production of shale gas in a single well in China and setting a new benchmark for shale gas development efficiency in China.
【Xinjiang Coalbed Methane Proved Reserve Report Passed Filing
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Recently, Yaxin Coalbed Methane Group submitted a report on the proven reserves of 6.1 billion cubic meters of coalbed methane in Fukang Coalbed Gas Field, which has been reviewed and filed by the Ministry of Natural Resources. According to statistics, the predicted resource amount of coalbed methane in Xinjiang below 2000 meters is 7.51 trillion cubic meters, accounting for 26% of the national total. The large-scale development and utilization of coalbed methane can effectively reduce coal mine gas risks, reduce methane greenhouse gas emissions during coal mining, and fully utilize resources to supplement natural gas supply, with very broad development and utilization potential.
Technology & Equipment
【 Through Layer Volume Fracturing Technology Helps Sichuan Basin Shale Oil Achieve Significant Breakthroughs 】
Recently, the Gong119H well in the Gongshanmiao oilfield in central Sichuan achieved high production, with continuous increase in oil production and stable bottomhole flow pressure, marking significant progress in shale oil exploration and evaluation in the Sichuan Basin. The shale oil resources in the Sichuan Basin have great potential, and fracturing is an important measure to improve shale oil production capacity. The shale oil reservoir transformation team has carried out technical breakthroughs and initially formed a volume fracturing technology for interlayer shale oil in the Lianggaoshan Formation, helping shale oil achieve significant breakthroughs.
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Digital Twin Oil and Gas Field Full Cycle Management Technology
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The full cycle management technology of digital twin oil and gas fields has been listed as one of the 15 most promising oil and gas exploration and development technologies in the next decade. Digital twins refer to the establishment of virtual models corresponding to physical entities and the simulation of their behavior in real environments. With the active digital transformation of the oil industry, digital twin technology, as a cutting-edge information technology, has been favored by many oil giants including BP, Chevron, Shell, etc. It is used for oil and gas exploration operations and production monitoring, risk warning and response, operation and production optimization, scheme design and optimization, asset management, etc., accelerating the digital transformation of oil and gas exploration.
Past Weekly News
【ECF Weekly】The World’s First Steam Injection Test Station
【ECF Weekly】 Issue of the List of Major Technical Equipment
Source: Energy China Forum
Jiangsu Oilfield has established a specializd team for ensuring the supply of shale oi materials, promoting a hard reduction in shale oil development costs
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