Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
WUHAN, Aug. 22 (Xinhua) — China's Sinopec Corp., one of the country's three largest oil companies, announced Thursday that it has discovered a shale gas field with proven reserves of 146 billion cubic meters at the junction of Hubei Province and Chongqing City.
The discovery of the new field, which has been named “Hunxing,” is of great importance for ensuring the country’s energy security.
The gas in this field is located at a depth of 3.3 to 5.5 km. According to Sinopec, the geological structure of the field is very complex, which creates great difficulties in terms of its exploration and development.
Thanks to technological innovations, the volume of test gas production from one well at this field increased from 89 thousand to 323.5 thousand cubic meters per day.
Sinopec is currently developing five large shale gas fields, including Fuling, Weirong, Qijiang, Yongchuan and Hongxing. In particular, the Fuling field in Chongqing is estimated to have shale gas reserves of over 1 trillion cubic meters, while the other four fields have 100 billion cubic meters. -0-
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