China Petroleum & Chemical Corp. (Sinopec) brought online its third 100-Bcm onshore field in the Sichuan Basin in China, the company announced March 14.
The West Sichuan Gas Field, part of the company’s Project Deep Earth in the Sichuan and Chongqing Natural Gas Base, is expected to produce 2 Bcm/year of natural gas and 130,000 tons of sulfur.
The West Sichuan Field features integrated gas extraction and desulfurization processes and natural gas sulfur recovery rates of over 99.9%, Sinopec said, and it produces gas that meets national standards with zero wastewater discharge.
Sinopec said it used engineering solutions for high yields with fewer wells to overcome challenges such as low porosity and permeability in the West Sichuan Field. Those innovations include an anti-collapse drilling fluid system and technologies for controlling borehole trajectories in ultra-deep wells over 8,000 m. Sinopec said the segmentation technology for ultra-long horizontal wells enhances productivity and reserves extraction of individual wells.
Since 2000, Sinopec has focused on exploring the Sichuan Basin, where it discovered the Puguang and Yuanba sour gas fields, both of which hold over 100 Bcm of reserves. In August, it announced finding 30.6 Bcm of gas at the Bazhong Field in the basin.
Recommended Reading
Post Oak Backs New Permian Team, But PE Faces Uphill Fundraising Battle
2024-10-11 - As private equity begins the process of recycling inventory, likely to be divested from large-scale mergers, executives acknowledged that raising funds has become increasingly difficult.
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
EQT to Cut Workforce 15% Following Close of Equitrans Acquisition
2024-10-02 - EQT Corp. closed its $5.5 billion all-stock buy of Equitrans Midstream Corp. on Sept. 22.
Exxon, Chevron Beat 3Q Estimates, Output Boosts Results
2024-11-01 - Oil giants Chevron and Exxon Mobil reported mixed results for the third quarter, with both companies surpassing Wall Street expectations despite facing different challenges.
No Rush: Post-M&A Frenzy, Divestiture Market to Pick Up by 2025
2024-10-07 - Lenders with a variety of capital structures are poised to fund the upcoming portfolio rationalization in the post-consolidation era, bankers and deal advisers said at Hart Energy’s Energy Capital Conference.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.