【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

ECF China Shale Weekly Review - August 11, 2019

ECF China Shale Weekly Review - August 11, 2019

【ECF News】Oil & gas exploration and development in China: why is it difficult for new entrants?

Oil & gas exploration and development is a high-risk industry. Hundreds of millions could be invested with nothing coming out. Therefore, engaging in oil and gas exploration and development requires sufficient financial strength and anti-risk ability, in addition to the corresponding technology and experience. In these respects, many new entrants are seriously inadequate compared with the oil majors.As China's oil and gas system reform continues to deepen, the opening door to oil and gas exploration and development is also widening.From the Ministry of Natural Resources's (formerly the Ministr

【ECF2019】CO2 Fracking vs Water Fracking: Cost & Applicability in China - To Be Presented on Sep 25-27, Shanghai, China

ECF2019 9th Asia-Pacific Shale Gas & Oil Summit

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

【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 China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

【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】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 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

Call for Innovators: ECF2019 Shale Technology Showcase

Seeking new shale oil & gas technologies

PetroChina Xinjiang Oilfield produces over 100 million tonnes of heavy crude oil boosted by innovative technologies

The Xinjiang branch of PetroChina, China's largest oil and gas producer, said it had so far churned out more than 100 million tonnes of heavy crude oil, thanks to its innovative technologies.The Xinjiang Oilfield Company said that it produced 4.32 million tonnes of heavy crude oil last year and has become China's largest production base for high-quality naphthenic base heavy oil, a rare raw material for industrial products such as rocket propellant and cold-resistant engine oil.Qian Genbao, chief technical expert with the company, said that technological innovations have helped the company rai

2019-06-11

【PR】 Recent discoveries and E&P progress in Malaysia offshore deepwater blocks

Sarawak Shell Berhad (SSB) and Sapura Exploration and Production (SEP) have both contracted McDermott International Inc. to provide transportation and installation of offshore structures, pipelines, and pre-commissioning work for the Pan Malaysia field development off Sarawak, Malaysia.This year, the project of Pan Malaysia Field Development will be discussed at Deep Offshore Southeast Asia Congress 2019 (July 2-3, 2019 | Jakarta, Indonesia). You can know more details information. If you want to know more, please click here to register now.Also we will invite Petronas to at

2019-05-29

【ECF News】China NEA Says to Increase the Intensity of Oil, Gas E&P, Earges Majors to Stick to 2019-2025 Plans

On May 24th, the National Energy Administration organized a video conference on promoting oil and gas exploration and development in Beijing. NEA heard reports on the exploration and development of four oil majors including PetroChina, Sinopec, CNOOC and Shaanxi Yanchang Petroleum. The Ministry of Natural Resources and the relevant department of the National Energy Administration reported the progress of the work of the department.NEA pointed out that in order to further implement the work of oil and gas exploration and development in 2019 and in the following years, oil companies should imple

【PR】The 13th discovery on the Stabroek Block of Hess Corporation will be discussed at Offshore Caribbean Congress 2019

Hess announced a new discovery offshore Guyana at the Yellowtail-1 well last week, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated gross discovered recoverable resource of more than 5.5 billion barrels of oil equivalent on the Stabroek Block which will be discussed at Offshore Caribbean Congress 2019 (July 4-5, 2019 | Georgetown, Guyana). So if you want to know more, please join us now. At the same time, Chris VanBrummen , Exploration Director, Guyana, Suriname, Hess Corporation has confirmed to attend Offshore Caribbean Congress 2019

Global Market 2019-05-27

【PR】3rd Offshore India Congress 2019

Event Date : 19-20th Sept. 2019 Location : New Delhi, India Weblink: http://szwgroup.com/offshore-india-congress-2019/index.aspx 3rd Offshore India Congress 2019 event aims to be the timeliest offshore event platform for global stakeholders to success in and around India, by exploring new offshore investment potentials in the region, revealing untapped resource from current geoscience studies, introducing pricing and development strategy, updating latest progress of on-going and planned offshore projects, showcasing innovative and digital technologies to enhance E&P efficiency, together with

China deploys new oil rig to drill in East China Sea

China has sent a new oil rig to explore the East China Sea, an area that includes waters disputed with Japan.Cosco Shipyard, which built the rig, did not disclose the exact location of the Kaixuan-1, or Triumph-1, drilling platform.It is not known if it is in an area close to the disputed waters.Cosco Shipyard said the rig was handed over to China Oilfield Services on July 17. China Oilfield Services and sister company China National Offshore Oil did not respond to requests for comment.China and Japan have been at loggerheads over exclusive economic zones in the sea. China said it discovered a

China's CNOOC may bid on more Brazil oil blocs

Chinese oil company CNOOC Ltd wants to expand in Brazil and is considering bidding in an auction of offshore exploration blocs in the pre-salt area set for later this year, the head of the firm’s Brazilian unit said on Tuesday.CNOOC, owned by Chinese state-owned firm China National Offshore Oil Corp, is also looking for a partner in Bloc 592 in the Espirito Santo basin which it was awarded in a previous auction, country head Sheng Jianbo said at an event in Rio de Janeiro. The company additionally owns a stake in the Libra field in the Santos basin.Brazil is set to hold a round of pre-salt auc

CNOOC 2019-05-08

CNOOC China signs petroleum contract with PetroChina

CNOOC Limited has announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited for Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block.Beibu Gulf 23/29 Block and Beibu Gulf 24/11 Block are located in the Fushan sag and Leidong sag of Beibu Gulf Basin in South China Sea respectively. Beibu Gulf 23/29 Block covers a total area of 980 km2 with a water depth of 0-262.47 ft (0-85 m). Beibu Gulf 24/11 Block covers a total area of 464 km2 with a water depth of 65.52 ft - 131.23 ft (20-40 m).According to terms of the Petroleum Contract, PetroChina s

2019-04-25
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