【ECF News】Key well of shale oil strategic survey in southern Songliao Basin completed

On July 7, 2019, China Geological Survey of the Ministry of Natural Resources successfully completed the fracturing construction of the 21-stage shale oil horizontal well. The fracturing construction lasted for 15 days, with cumulative injection volume of 37,315 m3, accumulated sand of 1978 m3, and an cumulative CO2 injection of 3,265 m3. This project created a number of records for the reconstruction of the shale oil reservoir in the Songliao Basin.In the next phase, post-pressure backflow and hydrocarbon-bearing testin will be implemented in order to obtain high-yield oil flows from continen

2019-07-19

【ECF News】 China Oil Drilling Market Analysis

In the next few years, the workload of China's oil industry is expected to maintain rapid growth.

【ECF Mews】China Oil & Gas in 2018: shale gas exploration and development progressed smoothly; oil & gas exploration investment continued to rise

China's Ministry of Natural Resources released "National Oil and Gas Resources Exploration and Production Report (2018)" on Monday, concluded the country's oil & gas exploration and production status for the past year.1. Oil & gas exploration and mining investment continued to riseIn 2018, the investment in exploration and production of oil and gas (including oil, natural gas, shale gas, coalbed methane and natural gas hydrate) was 63.658 billion yuan and 203.106 billion yuan, up 8.9% and 24.7% year-on-year. 44,000km of 2D seismic survey was applied with an annual increase of 13.5%. 34,000 squ

【ECF News】First Local Operated Shale Gas Well Drilling of Hebei Province Begins in Fengshan Basin

The Fengshan Basin shale oil and gas exploration project is the first shale gas evaluation work carried out by the Hebei Province's geology and mineral system. It is also the first shale gas exploration project supported by the special fund of the Natural Resources Department of Hebei Province.The project chooses the more advanced CMD100 coalbed methane & shale gas multi-purpose drilling rig to ensure that all drilling processes meet the requirements and the parameters are accurate and reliable. After more than a month of preparation, the CMD100 rig and its supporting facilities were on the w

ECF China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

【ECF News】Total shale gas production to reach 30 MMcm in Tongliang, Western Chongqing

There are abundant shale gas resources in Tongliang District, western Chongqing. Chongqing Shale Gas Exploration and Development Company has made a major breakthrough in the exploration and development of Tongliang. Since October 2016, there have been 5 exploration and development platforms in Shiyu Town, Huaxing Town and Weilong Town in Tongliang District. There are 6 wells in total, among which 3 have been put into trial production while other 3 wells are being drilled. Up to now, the accumulated investment has reached 399 million yuan, the average gas production reaches 100,000 cubic meters

【ECF News】Joint operations - the new picture for China oil & gas development

Following the signing of the strategic alliance cooperation agreement between PetroChina and Sinopec on June 22 and the signing of another joint research framework agreement on Monday, Sinopec and CNOOC signed a new cooperation framework agreement Wednesday.In the past three months, PetroChina, Sinopec and CNOOC have continued to carry out large-scale cooperation in onshore and offshore oil and gas basins, indicating that the domestic upstream exploration and development has ushered in a new change.Sinopec & CNOOC: Offshore CooperationOn July 10, PetroChina and CNOOC (China) Co., Ltd., a subsi

【ECF News】Accelerated technological innovation in the oil and gas industry

Author: Lv Jianzhong, Deputy Director, CNPC Economics & Technology Research InstituteAs the pace of global energy transformation continues to accelerate, the international oil and gas industry is entering an important turning point and facing a historic choice of technology-led future. International oil companies and service companies are increasingly taking technological innovation as the company's power source and lifeline. In particular, more emphasis is placed on the practicality and pertinence of technology, the drive for value creation, collaborative innovation and cross-border cooperati

Tech CNPC ECFShale Opinion 2019-07-12

【ECF News】PetroChina & Sinopec signed another major framework deal to promote oil & gas production

On July 8, PetroChina and Sinopec signed a joint research framework agreement for Tarim Basin, Junggar Basin and Sichuan Basin, involving 81 exploration rights at total acrage of 305,800 square kilometers.Under the framework agreement, affiliated companies of the two oil majors signed three joint research agreements in the Tarim Basin, the Junggar Basin and the Sichuan Basin. This marks a new phase of cooperation between the two parties in the field of oil and gas exploration technology.Just a few days ago, two oilfield companies of PetroChina and Sinopec signed a strategic alliance cooperatio

CNPC Sinopec ECFShale 2019-07-09

ECF China Shale Weekly Review - July 7, 2019

Policy & Regulation1. China to Ease Ownership Rules on Oil Exploration, City GasChina is easing foreign access to a range of industries including oil, mining and city gas pipelines as the government follows through on pledges to open up to overseas investors.China will scrap the need for joint ventures in oil and gas exploration, and for domestic control of gas networks in cities with more than 500,000 people, the National Development and Reform Commission said on its website Sunday. The statement formed an update to the commission’s so-called negative list of industries where overseas investo

【ECF News】China starts construction of its largest shale oil field in Xinjiang

On June 28, 2019, the groundbreaking ceremony was held at the Jimsar Saskatchewan Oil Joint Station in Jimsar, Hongji Farm, Changji Prefecture, Xinjiang. This marked the beginning of the development and construction of the country's largest shale oil field.The Jimsar shale oil field is one of the two 1 billion-ton large oil fields discovered by Xinjiang Oilfield Company in recent years. Starting from May 2018, CNPC accelerated the overall exploration and development of shale oil in Jimsar sag。 According to CNPC's plan, the output of Jimsar shale oil in 2021 will reach 1 million tons and double

China Just Created A Huge Opportunity For The Oil & Gas Industry

China will remove the joint venture requirement for foreign companies wanting to enter its oil and gas industry as it moves to open up a range of industries as per a pledge it made during its continuing trade dispute with the United States.Bloomberg reports the Chinese National Development and Reform Commission had announced it would remove the joint venture requirement for oil and gas projects along with a rule stating that only local firms can control gas networks in cities with populations of over half a million people.This opens up a lot of opportunities for foreign companies who are eager

China Policy 2019-07-03

Wood Mackenzie comments on policy developments in China's upstream sector

Wood Mackenzie has issued the following comment on policy developments in China's upstream sector:Yesterday [30 June], China’s National Development and Reform Commission issued the Special Management Measures for Foreign Investment Access (Negative List) (2019 Edition). This removes restrictions on foreign companies to joint-venture and/or cooperate with Chinese enterprises when investing in new oil and gas exploration and development activities.Wood Mackenzie believes more regulatory changes that will specify how these rules will work in practice are on the way.Further incentives and/or acrea

2019-07-02

China to Ease Ownership Rules on Oil Exploration, City Gas

China is easing foreign access to a range of industries including oil, mining and city gas pipelines as the government follows through on pledges to open up to overseas investors.China will scrap the need for joint ventures in oil and gas exploration, and for domestic control of gas networks in cities with more than 500,000 people, the National Development and Reform Commission said on its website Sunday. The statement formed an update to the commission’s so-called negative list of industries where overseas investors are restricted or banned.The new rules take effect July 30. The commission sa

ECF China Shale Weekly Review - June 30, 2019

Energy China Forum 2019 the 9th Asia-Pacific Shale Gas & Oil Summit (Shanghai, China) Sept 25-27, 2019http://2019.energychinaforum.comEnergy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Regulation1. Experts: What does the new China unconventional subsidies policy indicate?According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, inc

【ECF News】PetroChina and Sinopec team up to develop the Tarim Basin

On June 22, Sinopec Northwest Oilfield and PetroChina Tarim Oilfield signed a strategic alliance cooperation agreement in Korla, Xinjiang. The two sides will enhance the oil and gas exploration and development in the Tarim Basin through information sharing and joint research, and create a new situation for oil and gas exploration in the Tarim Basin. This is the first exploration and development cooperation between Sinopec and PetroChina in the Xinjiang Region.Tarim Basin is the largest oil-bearing sedimentary basin in China with an area of more than 400,000 square kilometers. After years of ex

【ECF News】Experts: What does the new China unconventional subsidies policy indicate?

According to ECF reports last Friday, China's MOF released several new supplement rules of the Renewable Energy Development Special Fund, including the subsidies for unconventional gas development.【ECF News】MOF: Unconventional Gas Development will gain subsidies from new special fundSO, what does the new subsidies policy mean and what influences it will take on China's unconventional oil & gas? According to Wang Hongyan, Director of CNPC RIPED Unconventional Institute and Deputy Director of National Energy Shale Gas R&D Center, this new policy reflects changes in five aspects:First, it is very

【ECF News】Tenders update for China shale gas geological exploration projects

China Geological Survey's Oil & Gas Survey Centers in Chengdu and Wuhan released tender results this week for the result of their shale gas geological exploration projects. A total 35 million Yuan of the amount was accounted for 5 packs in total.Project 1: 2D Seismic Acquisition and Processing Interpretation for Shale Gas Geological Survey in Northeast YunnanWorking Content: 2D seismic acquisition and processing interpretation in Muchuan, Sichuan, full coverage line length 80kmSupplier: SINOPEC Geophysical Corporation South Central BranchTotal Amount: 6,160,000 yuan (RMB)Project 2: Shale Gas R

【ECF News】Enlightenment from deep shale gas exploration in Sichuan Basin

The middle and shallow layers are the main battlefields for North American shale oil and gas development. although the proportion of deep shale gas resources is small, but the exploration and development effect is the best in the United States - Haynesville deep shale gas single well EUR (final recoverable reserves) reached more than 500 million cubic meters after 2016.China's shale gas development should focus on deep layers. However, the only deep formation that achieved large-scale commercial production is the marine Wufeng Group Longmaxi Formation in the Sichuan Basin. It is older than the

ECF China Shale Weekly Review - June 23, 2019

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Energy China Forum WeChat: chinashalegasEditor WeChat: ecfenergyPolicy & Regulation1. MOF: Unconventional Gas Development will gain subsidies from new special fundAccording to a notice released by China's Ministry of Finance on June 11, several new supplement rules of the Renewable Energy Development Special Fund were cofirmed, including the subsidies for unconventional gas development.The Special Fund includes supportive reward fo

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