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The proven geological reserves amount to 133.012 Bcm as validated by the State Ministry of Natural Resources, which marks another integrated, ultra-deep and tight-sandstone gas field of over 100 Bcm in China.
China Petroleum & Chemical Corporation ('Sinopec') announced that its Yuanshen-1 exploration well in the Sichuan Basin had successfully completed the drilling at a depth of 8,866 meters, beating the previous deepest record in the Sichuan Basin set by its Rentan-1 well.
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.
China’s Sinopec said it has discovered major shale gas reserves in the Jinshi 103HF exploratory well in the country’s Sichuan basin. “With a daily natural
Sinopec Southwest Oil & Gas Company of China Petroleum (Sinopec Southwest) has announced a new shale gas discovery in the Sichuan Basin, China.