INDUSTRY NEWS

ECF China Shale Weekly Review - August 18, 2019

ECF China Shale Weekly Review - August 18, 2019

Tech Service China Shale Oil China Policy CNPC ECFShale China Shale Gas 2019-08-19

【ECF News】CNPC: entering an unconventional era, guaranteeing oil & gas reserves and production with full strength

According to a recent mid-year work conference, CNPC Oilfield Service Company will implement a series of key policies in 2H 2019 to guarantee its oil & gas reserves and production.It is the first year to implement the 7 years (2019-2025) plan for accelerating oil & gas exploration and development, and also a key year for CNPC. The group's new oil and gas production targets will come mainly from shale gas, shale oil and tight oil.CNPC's upstream planned drilling volume in 2019 increased by 4% compared to last year, but the planned drilling footage increased by 11%. The reason was the large-scal

China Exploration Tech Service China Shale Oil CNPC China Shale Gas 2019-08-16

CNPC starts to drill first shale oil well in Sichuan

China National Petroleum Corp (CNPC) started to drill its first shale oil well in the southwestern province of Sichuan, the company said in a statement on MondayThe well, with a designed hole depth of 3,735 metres (12,250 feet), attracted 10.62 million yuan ($1.50 million) investment, according to a document filed to local county governmentSinopec and CNPC are speeding up drilling and exploration from major tight and shale oil and gas formations in western China to boost domestic outputHowever, China’s shale oil, making up less than 1% of the crude output, remains in an early development phase

China Shale Oil CNPC 2019-08-15

China Shale Gas: CNPC Seeks To Double Sichuan Output By 2025

China National Petroleum Corp. (CNPC) announced plans to increase production from its emerging gas projects in the Sichuan province to 50 BCM by 2025. In 2018, the field produced around 22.6 BCM and the 2020 goal is 30 BCM, according to Reuters, which cited company statements.CNPC is the largest producer of oil and gas in China and has been tapped by the government to lead the country toward its own shale revolution. The company reported last month that its domestic gas production increased by 10% year-over-year—the first time it has posted a double-digit rise. CNPC is responsible for 70% of C

China Shale Gas CNPC 2019-08-15

【ECF News】China NEA Director: Establish "14th Five-Year" Energy Plan ASAP; Accelerate More Oil and Gas Supporting Policies

On August 13, Zhang Jianhua, director of the National Energy Administration, wrote a signed article "Promoting the high-quality development of energy industry in the new era (in-depth study and implementation of Xi Jinping's new era of socialism with Chinese characteristics)" in China's official newspaper People's Daily.The article pointed out that the energy development plan during the "14th Five-Year" and a longer period of time should be established as soon as possible, and the guiding opinions for promoting the high-quality development of the energy industry should be formulated. It is nec

2019-08-14

【ECF News】Summary of new technologies in major oil fields of PetroChina (1H 2019) - Part II

Dagang OilfieldTechnology: key technology for fine layered water injection in sand-flow and high pressure deep reservoirEffect: The project overcomes the technical problems of dispensing in HTHP deep inclined wells. The overall technology has reached the international advanced level. And the multi-stage dispensing and inspection & sealing technology in HTHP deep inclined wells has reached the international leading level.Low-maturity shale oil cementing technology in Jilin OilfieldTechnology: supporting pre-stressed cementing & completion technologyEffect: The low-maturity shale oil reserves in

Tech China Oil Exploration CNPC ECFShale 2019-08-13

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

Tech China Shale Oil CNPC ECFShale China Shale Gas 2019-08-12