【ECF Weekly】Sichuan Expands Energy Investment by 50 Billion Yuan
【ECF Weekly】Sichuan Expands Energy Investment by 50 Billion Yuan
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ECF China Shale Weekly Review - Aug 21, 2022
Policy & Regulation
CNOOC increased its budget expenditure and is expected to increase production in 2022. CNOOC is expected to push 13 new projects into production this year.
【 Sichuan Expands Energy Investment by Nearly 50 Billion Yuan 】
Sichuan’s investment in energy projects in the first seven months was 49.3 billion yuan (+4.0% yoy). Among them, the investment in oil and gas projects was 15.9 billion yuan (+8.9% yoy).
Exploration & Production
【 Cumulative Gas Production of Xinsheng 201 Well Exceeds 10 Million Cubic Meters 】
As of August 16, the cumulative gas production of Xinsheng 201 well in Zhongjiang Gas Field has reached 11.26 million cubic meters since it was put into operation.
【 Cumulative Oil Production in Fire Drive Industrial Test Area of Xinjiang Oilfield Exceeded 500000 Tons 】
The cumulative oil production in the fire drive industrial test area of Xinjiang Oilfield exceeded 500000 tons, and the recovery degree of the block increased from 32.5% to 42%.
【 New Breakthrough in Clean Production of Jianghan Shale Gas 】
The paper "improving the sealing integrity of cement sheath of shale gas well and cleaning isolation fluid for interlayer sealing: indoor research and field application" published by Jianghan Petroleum scientific research personnel in the authoritative international petroleum journal puts forward a new method for cleaning formation oil-based mud in exploration.
Technology & Equipment
【 Electric Drive Fracturing Promoted by Xibu Drilling 】
The electric drive fracturing of Xibu Drilling broke through 1860 intervals, of which 975 intervals were completed by full electric drive and 885 intervals were completed by oil electric mixed drive, with a cumulative reduction of more than 25000 tons of carbon emissions.
【 The Highest Sand Addition Record of Deep Shale Gas Single Well of CNPC 】
The fracturing of Zu203H2 platform was completed, with an average sand adding intensity of 4.61 tons/m, setting the highest sand adding record of CNPC deep shale gas single well.
【 Fracturing and Acidizing of Chuanqing Oilfield Break through 7000 Layers 】
CNPC Chuanqing Drilling completed 7009 layers of oil testing gas fracturing and acidizing, and 716 wells were completed, up 36.5% and 38.5% respectively over the same period last year. The overall speed of oil testing gas fracturing and acidizing increased by 21.6%.
【 3 Oil Displacement Technologies of Dagang Oilfield Are Internationally Advanced 】
Since the industrial application of the green and efficient oil displacement system in the 230-million-ton reserve block of Dagang Oilfield, the high water cut old oil field has increased 980000 tons of crude oil, utilized 15 million cubic meters of produced water as resources, reduced 6 million cubic meters of produced water discharged, and stored 53000 tons of carbon dioxide.
Past Weekly News
【ECF Weekly Aug 14, 2022】Several Central Enterprises Delisted from USA
【ECF Weekly Aug 7, 2022】PetroChina SW. Oil&Gasfield Produce 5 Bil M3/yr
【ECF Weekly Jul 30, 2022】National Energy admin126459646istration: Promote Shale Energy
Source: Energy China Forum
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