PetroChina’s “radical” drilling well is expected to produce 5.6 billion shale gas this year.

Abstract: China National Petroleum Corporation (hereinafter referred to as CNPC) has developed a comprehensive plan for its Sichuan shale gas field, under the promotion of domestic resources, winter demand, and the establishment of the national “13th Five-Year” shale gas production capacity. Radical shale gas stimulation plan. Caixinji...

China National Petroleum Corporation (hereinafter referred to as CNPC) has developed a rather radical approach to its Sichuan shale gas field, driven by multiple factors such as tapping potential for domestic demand for winter resources and achieving national “13th Five-Year” shale gas production capacity. The shale gas stimulation plan.

Caixin reporter learned from CNPC that the group plans to produce about 5.6 billion cubic meters of shale gas in the shale gas field in Sichuan in 2018, with a capacity of 6.6 billion square meters. This production target has almost doubled the output of 3.06 billion square meters last year, mainly because CNPC has significantly increased the number of wells drilled in the Sichuan Basin this year. In 2018, it plans to drill more than 330 wells. By the end of 2017, CNPC has put into operation about 210. Well, the number of wells drilled this year is 1.5 times that of the stock.


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