ECF China Shale Weekly Review - September 29, 2019

ECF China Shale Weekly Review - September 29, 2019

【ECF News】CNPC Oilfield Service Accelerating Shale Fracturing

First Fracturing Team Completes 350 Fracturing Section

【ECF News】Because you're worth it! CNPC launches three-star shared apartment for oilfield workers

Because you're worth it

ECF China Shale Weekly Review - August 25, 2019

ECF China Shale Weekly Review - August 25, 2019

ECF China Shale Weekly Review - August 18, 2019

ECF China Shale Weekly Review - August 18, 2019

【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

【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 News】CNPC BOMCO Completed World's Largest 7000HP Electric Fracturing Pump

According to CNPC Baoji Oilfield Machinery Co., Ltd. (BOMCO) report on July 27th, the company finished assembling its independently designed and developed world's largest 7000hp electric fracturing pump. As a low stroke times, long stroke length, high reliability, long life cycle and complete domestic innovated product, the fracturing pump will become the main fracturing equipment for shale gas development in China and global plays.According to Zhang Bin, chief engineer of BOMCO, this product technically improves the diesel drive of the original similar products into a more energy-saving and e

【ECF News】Sichuan Changning shale gas: "push-up" drilling robot achieving first-time industrial applications

On July 28th in Sichuan Yibin, Sinopec Oilfield Equipment Corporation's self-developed column processing system with the core “push-up” drilling robot which relies on the ZJ70D automated drilling rig developed by Sinopec Zhongyuan Petroleum Engineering Co., Ltd. achieved its first industrial application in PetroChina Changning H29 shale gas operation platform.After 7 years of development, Sinopec Oilfield Equipment's automated drilling and repairing equipment has now achieved industrial development. Total 14 sets of equipment that achieved automation of pipe string transportation from ground t

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

【ECF News】Shale Gas Profitability and Oilfield Service Market to Rise in China

According to market analyst report, due to the further improvement of shale gas technology, the single well production of shale gas Changning block has been significantly improved, and shale gas development has been more economical.End 2017End 2018Order Price of Shale Gas Wells - Xinjiang Beiken Energy30 million CNY drilling & completion per well30 million CNY drilling & completion per wellSingle Well Cost42 - 45 million CNY45 -50 million CNYPerforation Service (No Plugging)40,000 CNY / Section60,000 CNY / SectionFracturing400,000 - 500,000 CNY / Section600,000 - 800,000 CNY /

【ECF News】CNPC made independent iterative innovation in high-end fully dissolvable bridge plug with leading performance

From July 8th to 12th, the fully dissolvable bridge plug developed by the CNPC Houston Technology Research Center and PetroChina Southwest Company was successfully tested in a well of Weiyuan Shale Gas Block. This indicates that the fully dissolvable bridge plug can work under 70 MPa pressure, with stable sealing performance and excellent solubility. The operator - GreatWall Drilling Company's Shale Gas Project Department gave it a high evaluation and believed that the overall performance of the bridge plug reached the world's leading level.At the end of 2018, the Houston Center's fully dissol

【ECF News】CNPC improves rotary steering drilling equipment utilization in Sichuan and Chongqing Shale Gas

As of July 4, the CNPC Oilfield Serrvice Company's shale gas rotary steering drilling maintenance support center has been officially put into use for more than half a year. The total footage of the high-slope rotary steering drilling equipment in the Sichuan-Yunnan region has reached 38,000 meters, with more than 30 well completed. The logging company technicians increased the monthly average utilization rate of maintenance equipment to 62%, up 44.19% year-on-year, and the monthly maintenance ratio was controlled within 30%. The indicators were better than the industry level.Back in 2018, in o

2019-07-23

ECF China Shale Weekly Review - July 21, 2019

China Oil Drilling Market Analysis

【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 China Shale Weekly Review - July 14, 2019

ECF China Shale Weekly Review - July 14, 2019

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

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

【ECF News】China Geological Survey released a 9 million Yuan shale oil parameter well drilling and logging project tender in Songliao Basin

China Geological Survey's Oil & Gas Resource Survey releases a new tender for shale oil parameter well project worth 900 million Yuan in total, including drilling and logging projects in south Songliao Basin on June 18.Package Name: Drilling, Exploration and Logging for Jiye Oil 2 Well in Changling Depression of Songliao BasinProject Budget: 9 million YuanIntroduction to the main workload:1. The shale oil parameter well Jiye Oil 2 well drilling project includes 2,450 m drilling, whole well logging (including special logging) and the whole well mud-logging. The length of the target interval was

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