China National Petroleum Corp. (CNPC) aims to more than double natural gas output at its Southwest gas field in Sichuan province to 50 billion cubic meters (Bcm) by 2025, the company said in a statement.
The field produced 22.63 Bcm of natural gas in 2018, and the company expects the output to reach 30 Bcm in 2020. CNPC plans to deploy more advanced technology to improve the efficiency of old gas wells and to build more ultra-deep wells, it said.
China’s state energy giants are set to raise spending on domestic drilling this year to the highest levels since 2016 in an effort to increase natural gas reserves to boost local supplies.
Sichuan province has proven natural gas reserves of 3.73 trillion cubic meters, the company said.
China produced 161.02 Bcm natural gas in 2018, up 7.5% from previous year, official data showed.
Recommended Reading
US Drillers Cut Oil, Gas Rigs for Fifth Week in Six, Baker Hughes Says
2024-09-20 - U.S. energy firms this week resumed cutting the number of oil and natural gas rigs after adding rigs last week.
Baker Hughes Lands Company’s Largest Compressor Line Order
2024-10-10 - Baker Hughes’ project includes 10 integrated compressor line units that will be installed at the Margham Gas storage facility in Dubai, United Arab Emirates.
E&P Highlights: Oct. 14, 2024
2024-10-14 - Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
2024-10-04 - The oil and gas rig count fell by two to 585 in the week to Oct. 4.
Hurricane Helene Shuts in Nearly 30% of GoM Crude Production
2024-09-25 - Bumped up to hurricane classification on Sept. 25, Hurricane Helene has shut in 29% of crude and 17% of natural gas production in the Gulf of Mexico as it nears landfall in Florida tomorrow.