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Sinopec Uncovers 100M-Ton Shale Oil Reserve in Sichuan Basin
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The risk exploration well Qiluye 1, deployed by Sinopec Exploration Company in Qijiang District, Chongqing, has achieved a high-yield shale oil and gas flow, producing 38.64 cubic meters of oil and 10,000 cubic meters of natural gas per day on test, Chinese media reported. Regional evaluation through this well indicates that Sinopec has discovered a new shale oil reserve in the Sichuan Basin with resources reaching the 100-million-ton level, a find of strategic significance for shale oil exploration and development in Southwest China. AAStocks Financial News |
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