ECF China Shale Weekly Review - Aug 9th

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. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, China stepped up shale gas development last year, as the country looks to fall back on unconventional output to drive natural gas production growth. Newly proved gas reserves fell by 2.7pc to 809bn m³ in 2019 from a year earlier after a larger increase the previous year. But of 2019's incremental proved gas reserves, shale gas made up over 90pc of the

China Exploration China Shale Gas 2020-08-10

ECF China Shale Weekly Review - Aug 2th

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. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, Ministry of Natural Resources: China's investment in oil and gas exploration and exploitation increased significantly in 2019, and exploration investment reached the highest in history. The new proven reserves of shale gas were 764.24 billion cubic meters, a year-on-year increase of 513.1%. The new reserves came from CNPC’s Changning shale gas field,

ECF China Shale Gas 2020-08-03

ECF China Shale Weekly Review - Jul 26

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. Policy & Industry1. The total investment is 990 billion! The construction of "New Daqing" in Sichuan, On July 14, the Development and Reform Commissions of Sichuan and Chongqing and the Energy Bureau formally signed the "Cooperation Agreement on Jointly Promoting the High-quality Development of Energy Integration of the Chengdu-Chongqing Double-City Economic Circle" in Chongqing. This is the first time that the energy authorities of

ECF China Shale Gas 2020-07-27

ECF China Shale Weekly Review - Jul 19

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. Policy & Industry1. Domestic oil and gas production double up in the first half of 2020, The National Bureau of statistics released energy production data for the first half of the year today. In the first half of this year, domestic crude oil production increased slightly, while natural gas production maintained a rapid growth.In the first half of the year, China produced 97.15 million tons of crude oil, up 1.7% year-on-year; proce

ECF China Shale Gas 2020-07-20

ECF China Shale Weekly Review - Jul 12

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. Policy & Industry1. Ministry of Finance: 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax, On July 3, the website of the Ministry of Finance issued an announcement on the continued implementation of preferential policies for resource tax. 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax. From April 1, 2018 to March 31, 2021, shale gas resource tax will be reduced by 3

China Shale Gas 2020-07-13

Sinopec Southwest Petroleum Bureau's natural gas output exceeded 3 billion cubic meters in the first half of the year

As of June 30, Sinopec Southwest Petroleum Bureau confirmed 100 billion cubic meters of proven natural gas reserves in the first half of the year, with a cumulative production of 3.2 billion cubic meters of natural gas, equivalent to the annual gas consumption of 16 million households.

Sinopec China Shale Gas 2020-07-10

Sinopec East China Petroleum Bureau has built a new shale gas production capacity of 300 mcm in the first half of the year

On July 3, the East China Petroleum Bureau Chongqing Nanchuan Shale Gas Field Dongsheng Dehydration Station sold shale gas daily at 3 million cubic meters. From January to June, East China Petroleum Bureau shale gas has a new natural gas production capacity of 310 million cubic meters, with a cumulative production of 481 million cubic meters of natural gas. Shale gas production and sales have produced more than 2 million cubic meters from the epidemic, and reached more than 3 million cubic meters by the end of June. , Showing a "V" trend.

Sinopec China Shale Gas 2020-07-09

Ministry of Finance: 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax

On July 3, the website of the Ministry of Finance issued an announcement on the continued implementation of preferential policies for resource tax. 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax. From April 1, 2018 to March 31, 2021, shale gas resource tax will be reduced by 30%. The specific operation shall be carried out in accordance with the notice of the Ministry of Finance and the State Administration of Taxation on reducing resource tax on shale gas (CS [2018] No. 26). From December 1, 2014 to August 31, 2023, the resource tax will be reduced by 50% fo

China Policy China Shale Gas 2020-07-07

ECF China Shale Weekly Review - Jul 5

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. Policy & Industry1.Sinopec Hubei shale gas company was establishedto accelerate shale gas exploration and development in Hubei Province, On June 22, Sinopec Hubei Shale Gas Company was established in Enshi Prefecture. This is the first company in Hubei Province to be engaged in shale gas exploration, development and sales. It will acceleratethe the pace of shale gas exploration and development in the whole province. The company has

ECF China Shale Gas 2020-07-06

Daily CNPC Changning shale gas production exceeds 17 mcm

On June 24, CNPC Southwest Oil and Gas Company's Changning shale gas field had a total of 272 wells in operation, with daily output exceeding the 17 mcm mark and reaching 17.02 mcm, setting a new daily record for the Changning shale gas field. Successfully built the first domestic shale gas platform with a daily gas production of 3 mcm. Up to now, 9 wells in Changning block have accumulated gas production

CNPC China Shale Gas 2020-07-02

Jianghan Oilfield has made important breakthroughs in natural gas risk exploration

On June 22, Sinopec deployed the Pingqiao block risk exploration well in Fuling shale gas field—Pingqiao 1 well, and obtained high-production industrial gas flow. The successful drilling of Well Pingqiao 1 demonstrated the good resource prospects of conventional natural gas in Pingqiao area and expanded the resource base for the stable production of Fuling shale gas field. It is of great significance to promote the combined exploration under the high and steep fold belts in eastern Sichuan and realize the strategic succession of resources.

Sinopec China Shale Gas 2020-07-01

South Sichuan shale gas has accumulated over 5 bcm of gas this year,

On June 23, the daily gas output of shale gas in southern Sichuan was 33.29 million cubic meters. The cumulative gas output in 2020 was 5.022 billion cubic meters, an increase of 42.8% from the same period last year, and two months ahead of the 2019 output of 5 billion cubic meters. Since the beginning of this year, Southwest Oil & Gas Company has completed the production of 138 new wells and completed a new production capacity of 3.378 billion cubic meters.

CNPC China Shale Gas 2020-06-30

ECF China Shale Weekly Review - Jun 28

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. Policy & Industry1.The state clearly requires an increase in oil production of 2 million tons and natural gas by 4.8 bcm!, Recently, following the release of the "Guiding Opinions on Doing a Good Job of Energy Security in 2020", the State has once again issued the "Guiding Opinions on Energy Work in 2020", which clearly requires that the country's 2020 oil production is about 193 million tons, with an increase of 2 million tons. The

2020-06-29

ECF China Shale Weekly Review - Jun 21

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. Policy & Industry1. Actively promote domestic oil and gas production, On June 18, the National Development and Reform Commission and the National Energy Administration recently issued the "Guiding Opinions on Doing a Good Job of Energy Security in 2020", pointing out that it is necessary to increase the flexibility of the energy system, strengthen energy security risk management and control, and ensure national energy security. Opin

China Shale Gas 2020-06-22

Actively promote domestic oil and gas production

On June 18, the National Development and Reform Commission and the National Energy Administration recently issued the "Guiding Opinions on Doing a Good Job of Energy Security in 2020", pointing out that it is necessary to increase the flexibility of the energy system, strengthen energy security risk management and control, and ensure national energy security. Opinions point out that we must continue to vigorously enhance domestic oil and gas exploration and development efforts, and strengthen exploration efforts in key oil and gas-bearing basins such as Bohai Bay, Ordos, Tarim, and Sichuan. Pr

China Exploration China Policy 2020-06-19

Rong 234H Well creates new test output of Rongchang north block

On June 14, the Rong 234H well of CNPC Southwest Oil and Gas Company was tested with a daily output of 115,600 to 167,700 cubic meters under the casing pressure of 30 to 38 MPa, setting a new test output in the Rongchang North Block.Rong 234H is located in Renyi Town, Rongchang District, Chongqing City, with a depth of 3823 meters and a horizontal section of 750 meters. This well is a deep shale gas evaluation well previously deployed by BP in Rongchang North Block, which is used to evaluate the reservoir and productivity of Rongchang North Block.

Sinopec China Shale Gas 2020-06-19

ECF China Shale Weekly Review - Jun 14

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. Policy & Industry1. CNPC records 8.6% increase in domestic gas production, China National Petroleum Corp (CNPC), one of China’s top three oil giants, said it produced 150.3 billion cubic meters of natural gas in 2019, with domestic production reaching 118.8 cubic meters, a year-on-year increase of 8.6 percent, providing a strong support for the optimization of China’s energy mix. Domestic gas production accounted for 69.9 percent of

ECF China Shale Gas 2020-06-15

The first two shale gas production wells in Lu203 block completed drilling successfully

On June 4, the first shale gas construction production well Lu203H6-6 in the Lu203 well area of CNPC Southwest Oil and Gas Company was successfully completed. A major breakthrough was made in drilling engineering, which provided effective technical support for the smooth and efficient development of drilling engineering in the later stage of the block.

CNPC China Shale Gas 2020-06-09

ECF China Shale Weekly Review - Jun 7

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 & Industry1. Sinopec: Cooperate to promote shale gas exploration and development in Western Hubei and strive to build 1 bcm of production capacity in the "14th five year plan", On June 3, the State-owned Assets Supervision and Administration Commission of the State Council and the Hubei Provincial Government jointly held a video conference of central enterprises

ECF 2020-06-08

Sinopec: Cooperate to promote shale gas exploration and development in Western Hubei and strive to build 1 bcm of production capacity in the "14th five year plan"

On June 3, the State-owned Assets Supervision and Administration Commission of the State Council and the Hubei Provincial Government jointly held a video conference of central enterprises to help revitalize development after the Hubei epidemic. This includes cooperation to promote the exploration and development of shale gas in western Hubei, and strive to build a capacity of 1 billion cubic meters in the "Fourteenth Five-Year Plan", while accelerating the construction of Jianghan salt cave natural gas storage.

Sinopec China Shale Gas 2020-06-04