Sinopec Holds Q3 Economic Review | ECF Weekly
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ECF China Shale Week Report - Oct 31, 2025
On October 14, Sinopec Chairman and Party Secretary Hou Qijun presided over the company’s Q3 economic analysis meeting, reviewing operations and setting priorities for the final quarter. Hou urged thorough implementation of President Xi Jinping’s key instructions, emphasizing safety, stability, and efficiency as the year-end approaches. He called for stronger cost control, loss management, and risk prevention, while advancing safety, environmental protection, and innovation. Hou also stressed the need to align the upcoming “15th Five-Year Plan” and 2026 action plans with national strategies to ensure a solid start to the new development phase.
Sinopec Holds Q3 Economic Review
Tarim Oilfield Sets New Record As of October 23, Tarim Oilfield’s Bozi 1904 well was successfully completed, reaching a depth of 8,226 meters. Using domestically developed 175 MPa ultra-high-pressure equipment, the team achieved a record-breaking fracturing pressure of 154.68 MPa—the highest in China’s onshore operations. This milestone marks a major breakthrough in ultra-deep, ultra-high-pressure reservoir development. The “acidizing + proppant fracturing” technique verified the reliability of Chinese-made equipment under extreme conditions and formed a replicable model for deep reservoir exploitation. The achievement strengthens Tarim Oilfield’s role as a key gas supplier for the West–East Gas Pipeline, contributing to national energy security and technological advancement.
Nano Smart Oil Displacement Conference From October 23 to 24, the 2025 Nano Smart Oil Displacement Technology Seminar and the first meeting of the Nano Chemistry Key Laboratory were held at Changqing Oilfield. The event aimed to build an innovation consortium integrating nanotechnology with field production to boost new quality productivity. Over 70 experts from 14 organizations, including the Chinese Academy of Sciences and CNOOC, attended. Academician Yuan Shiyi emphasized advancing nano smart oil displacement as a key enhanced recovery technology and expanding its application in low-permeability reservoirs. The conference highlighted breakthroughs in nano-chemical research and field trials, offering new solutions for stable production and national energy security.
