Sinopec says Qijiang shale project holds 146 bcm certified gas reserve

Date:

SINGAPORE : Sinopec Corp said on Thursday a new shale gas field in southwestern China holds nearly 146 billion cubic meters (bcm) of proven reserves that had been recently certified by the country’s ministry of natural resources.

The Qijiang shales, part of the gas-rich Sichuan basin, are buried mostly at 3,500 meters below ground level and are considered one of the more technologically challenging rock formations to explore and develop, Sinopec said in a statement.

It gave no further details, such as a timeline to develop the project or any estimate of peak output.

Under President Xi Jinping’s call to boost domestic energy supply, China’s national energy champions are accelerating the development of more costly, geologically challenging oil and gas resources.

Technologies like horizontal drilling and hydraulic fracturing are widely applied to produce gas from shale and other tight rock formations.

Editorialhttps://asiantelegraph.com
We are one of the biggest News outlets in all of Asia, we provide unbiased news without any agenda to any country, follow us for more real news.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Regragui tells Belgian-born Morocco players to stay focused

AL RAYYAN, Qatar : Morocco...

Holiday Rituals

I’m in love with the Thanksgiving season of my...

Patchy Portugal need more than Ronaldo show to get past Uruguay

DOHA : Portugal could qualify...

5 ways you’re (unknowingly) abusing your car

If you're a first-time car owner, there's probably a...