Sinopec's proven shale gas reserves exceed 940 billion cubic meters

A few days ago, the expert team of the Ministry of Natural Resources passed the review of the newly-added report on the proven reserves of Dongsheng-Pingqiaoxi Wufeng-Longmaxi shale gas in the Fuling shale gas field, and the newly-added proven geological reserves were 191.

Up to now, Sinopec has a total of 940.

The Dongsheng-Pingqiao West proved reserves area declared this time is shallow in burial and complex in structure.

Following the proven geological reserves of 600.

In 2018, the Weirong shale gas field, the first deep-seated shale gas field in China, was discovered, with proven shale gas reserves of 124.

Sinopec will adhere to the integration of exploration and development, integration of scientific research and production, integration of geology and engineering, and integration of production and operation, increase efforts in low-cost process technology, actively promote the rapid development of shale gas in my country, and make new contributions to ensure national energy security .

The global reserves of shale gas are considerable.

At present, only three countries in the world, the United States, China, and Canada, have realized the commercial exploitation of shale gas.

　　In recent years, my country's shale gas exploration and development has progressed smoothly.
According to data from the Ministry of Natural Resources, in 2018, my country’s new proven shale gas reserves were 124.
678 billion cubic meters, and the new reserves came from the Weirong shale gas field in the Sichuan Basin of Sinopec.

　　At present, the four major domestic shale gas producing areas are the Fuling shale gas field, the southern Sichuan shale gas field, the Wei (Yuan) Rong shale gas field and the Changning shale gas demonstration area.
Judging from the regional distribution of the four major shale gas fields, they are mainly concentrated in the eastern part of the Sichuan Basin and surrounding areas (including western Chongqing and northern Yunnan).

　　my country's shale gas exploration and development will be promising in the "14th Five-Year Plan" period.
As of the end of 2019, my country’s cumulative proven geological reserves of shale gas were about 1.
8059 trillion cubic meters, while the above-mentioned recoverable resources were 3.
16 billion cubic meters.
It can be seen that the proven rate of shale gas in my country is only 5.
72%.
Obviously it is in the early stage of exploration and development.
(Yang Jing)

Transfer from: China Industry News

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