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【ECF Weekly】CNPC Half Year Net Profit Exceeded 80 Billion yuan

时间：2022-07-25 来源： 浏览：

【ECF Weekly】CNPC Half Year Net Profit Exceeded 80 Billion yuan

原创 ECF ECF国际页岩气论坛
ECF国际页岩气论坛

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ECF China Shale Weekly Review - Jul 22, 2022

Policy & Regulation

        

【 Half Year Net Profit of PetroChina Exceeded 80 Billion yuan, Half Year Net Profit of CNOOC Exceeded Last Whole Year 】 PetroChina expects that the net profit attributable to the company’s shareholders in the first half of 2022 will increase by 26.5 billion yuan to 32 billion yuan, an increase of 50% to 60% compared with the same period last year; Net profit after deducting non-recurring gains and losses will increase by 42billion yuan to 48billion yuan compared with the same period last year.
CNOOC’s net profit attributable to the shareholders of the parent company is expected to be 70.5 billion yuan to 72.5 billion yuan, an increase of 37.2 billion yuan to 39.2 billion yuan compared with the same period last year, an increase of about 112% to 118% year-on-year; The net profit after deducting non-recurring profit and loss is expected to be 69.8 billion yuan to 71.5 billion yuan, with a year-on-year increase of about 115% to 120%.

【 Wulong, Chongqing: Shale Gas Reserves Exceed Trillion Cubic Meters 】 Wulong District of Chongqing is a potential block of atmospheric shale gas. The favorable area for shale gas exploration and development covers an area of 1187 square kilometers, with a resource potential of 1.05 trillion cubic meters. The newly proved reserves in Baima Block are 104.883 billion cubic meters.

Exploration & Production

 

【 First 100 billion m3 Gas Field Project in Bohai Bay Area 】 The commencement of natural gas terminal projects promoted by CNOOC and Binzhou Government marks the construction of Bozhong 19-6 condensate field Phase I, the largest condensate field in eastern China and the first 100 billion cubic meters gas field in Bohai Bay.

【 700 Wells in Fuling Gas Field Was Put into Production 】 Jiaoye 85-S3HF well in Fuling Shale Gas Field of Jianghan Oilfield was successfully put into production, with 700 wells in the gas field.

【 Tarim Oilfield Has Produced 150 Million Tons of Condensate Oil 】 PetroChina announced that the production of condensate oil and gas in Tarim Basin exceeded 150 million tons, and the annual oil and gas equivalent exceeded 12million tons.

Technology & Equipment

        

【 QPI-5000 Fracturing Pump with the Strongest Load Capacity in the World 】 The bearing capacity of QPI-5000 fracturing pump carried on the 5000 electric drive fracturing skid of Baoji Oilfield Machinery is 1.26 times that of the fracturing pump with similar power. It is the 5000-fracturing pump with the strongest load capacity in the world at present.

【 Completion of the First Tight Oil Development Well in Jidong Oilfield 】 On July 17, the first tight oil development well Gao 31 Ping 8 in Gao 5 fault block of Jidong Oilfield was successfully completed, marking the implementation stage of deep tight oil development in this oilfield.

【 Commencement of Puguang Gas Field Tight Gas and Shale Gas Project 】 The continental tight gas and shale gas projects of Puguang gas field in Zhongyuan Oilfield have been started. The project is expected to build a new annual production capacity of 193million cubic meters, involving drilling, gas production, surface gathering and transmission, new 35 kV power supply lines and many other projects.

【 Drilling of Huaye 1-1HF Well Set a Number of Records 】 Huaye 1-1HF well, which was drilled by East China Petroleum Engineering, has completed drilling, setting a number of records such as the deepest completed drilling in Jiangsu Oilfield and the highest single day footage in horizontal section.

Past Weekly News

【ECF Weekly Jul 17, 2022】New 1.1 Billion Tons of Shale Oil Were Activated

【ECF Weekly Jul 10, 2022】 Fuling Shale Gas Output Hit Record High

【ECF Weekly Jul 3, 2022】Sinopec  Found New Shale Gas Resources

     

Source: Energy China Forum

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