Sinopec says it is not sure if Chongqing has 100 billion cubic meters of gas fields

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Time of issue:2020-03-04
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(Summary description)InresponsetothenewsthatSinopecdiscoveredAsia'slargestgasfieldinChongqingyesterday,aSinopecspokesmansaidyesterdaythatthemedia'smorethan120billioncubicmetersofnaturalgasreservesareonlypreliminaryestimates,asexplorationisstillataveryearlystageTherefore,ithasnotyetbeenconfirmedthatalargegasfieldhasbeendiscovered. Yesterday,amediareportsaidthatSinopecExplorationSouthBranchhadexploredanareaofmorethan340squarekilometersinZhongxianCounty,LiangpingandWanzhouofourcity,andobtainedasimilarlevelof100billionyuantotheDaguangPuguangGasField,thelargestmarinegasfieldinChina.Extraordinarygasfield,Sinopec'sexplorationpersonnelcallit"thelargestgasfieldinAsia". ThisreporterinterviewedSinopec.SinopecspokesmanHuangWenshengsaidthatSinopecdidindeedconductexplorationinsoutheasternSichuanandfoundthattheoilandgasdevelopmentenvironmentandconditionsoftheXinglongchangareainthenorthernFulingblockinsoutheasternSichuanwereverysimilartothoseofPuguanggasfield,butthemediaclaimedthatmorethan120billioncubicmetersNaturalgasreservesareonlypreliminaryestimates.Explorationinthisareaisstillataveryearlystage."Intheend,theremaybenothing,butitisalsopossibletofindlargegasfields.Thecompanyattachesgreatimportancetothis." Thereporterlearnedthatfromtheinitialexplorationtothefinalextractionofoilandgas,itusuallygoesthroughaseriesofcomplicatedproceduressuchasfindinggeologicalstructures,three-dimensionalearthquakes,drillingwells,anddrillingmultipleexplorationwells.Amongthem,thepossiblereservesestimatedafterthethree-dimensionalearthquakemaynotbefoundinthesubsequentexplorationwellstage,oritmaybeabandonedinthelaterstagesbecauseithasnocommercialvalue. ItisunderstoodthatSinopecExplorationSouthernBranchdeployedandimplementeda3Dseismicsurveydataacquisitionprojectcoveringanareaofmorethan340squarekilometersinXinglongFieldinmid-Maythisyear.Thecompanysuccessfullycompleted3Dseismicdataprocessing,interpretation,comprehensiveevaluationandXinglong.Demonstrationandplacementofwellsinwell1.OnSeptember30,SinopecGrouppassedthedemonstrationofWellXinglong1byExplorationSouthBranch.Atpresent,ExplorationSouthBranchhasfurtherimplementedthebesttargetareaofWellXinglong1basedonthepreliminarywork,whichindicatesthatthenaturalgasexplorationinSoutheastSichuanhasofficiallyenteredtheimplementationstage.AccordingtotheJinghuaTimes

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Sinopec says it is not sure if Chongqing has 100 billion cubic meters of gas fields

(Summary description)InresponsetothenewsthatSinopecdiscoveredAsia'slargestgasfieldinChongqingyesterday,aSinopecspokesmansaidyesterdaythatthemedia'smorethan120billioncubicmetersofnaturalgasreservesareonlypreliminaryestimates,asexplorationisstillataveryearlystageTherefore,ithasnotyetbeenconfirmedthatalargegasfieldhasbeendiscovered. Yesterday,amediareportsaidthatSinopecExplorationSouthBranchhadexploredanareaofmorethan340squarekilometersinZhongxianCounty,LiangpingandWanzhouofourcity,andobtainedasimilarlevelof100billionyuantotheDaguangPuguangGasField,thelargestmarinegasfieldinChina.Extraordinarygasfield,Sinopec'sexplorationpersonnelcallit"thelargestgasfieldinAsia". ThisreporterinterviewedSinopec.SinopecspokesmanHuangWenshengsaidthatSinopecdidindeedconductexplorationinsoutheasternSichuanandfoundthattheoilandgasdevelopmentenvironmentandconditionsoftheXinglongchangareainthenorthernFulingblockinsoutheasternSichuanwereverysimilartothoseofPuguanggasfield,butthemediaclaimedthatmorethan120billioncubicmetersNaturalgasreservesareonlypreliminaryestimates.Explorationinthisareaisstillataveryearlystage."Intheend,theremaybenothing,butitisalsopossibletofindlargegasfields.Thecompanyattachesgreatimportancetothis." Thereporterlearnedthatfromtheinitialexplorationtothefinalextractionofoilandgas,itusuallygoesthroughaseriesofcomplicatedproceduressuchasfindinggeologicalstructures,three-dimensionalearthquakes,drillingwells,anddrillingmultipleexplorationwells.Amongthem,thepossiblereservesestimatedafterthethree-dimensionalearthquakemaynotbefoundinthesubsequentexplorationwellstage,oritmaybeabandonedinthelaterstagesbecauseithasnocommercialvalue. ItisunderstoodthatSinopecExplorationSouthernBranchdeployedandimplementeda3Dseismicsurveydataacquisitionprojectcoveringanareaofmorethan340squarekilometersinXinglongFieldinmid-Maythisyear.Thecompanysuccessfullycompleted3Dseismicdataprocessing,interpretation,comprehensiveevaluationandXinglong.Demonstrationandplacementofwellsinwell1.OnSeptember30,SinopecGrouppassedthedemonstrationofWellXinglong1byExplorationSouthBranch.Atpresent,ExplorationSouthBranchhasfurtherimplementedthebesttargetareaofWellXinglong1basedonthepreliminarywork,whichindicatesthatthenaturalgasexplorationinSoutheastSichuanhasofficiallyenteredtheimplementationstage.AccordingtotheJinghuaTimes

Categories:Company news
Author:
Origin:
Time of issue:2020-03-04
Views:0

In response to the news that Sinopec discovered Asia's largest gas field in Chongqing yesterday, a Sinopec spokesman said yesterday that the media's more than 120 billion cubic meters of natural gas reserves are only preliminary estimates, as exploration is still at a very early stage Therefore, it has not yet been confirmed that a large gas field has been discovered.

Yesterday, a media report said that Sinopec Exploration South Branch had explored an area of more than 340 square kilometers in Zhongxian County, Liangping and Wanzhou of our city, and obtained a similar level of 100 billion yuan to the Daguang Puguang Gas Field, the largest marine gas field in China. Extraordinary gas field, Sinopec's exploration personnel call it "the largest gas field in Asia".

This reporter interviewed Sinopec. Sinopec spokesman Huang Wensheng said that Sinopec did indeed conduct exploration in southeastern Sichuan and found that the oil and gas development environment and conditions of the Xinglongchang area in the northern Fuling block in southeastern Sichuan were very similar to those of Puguang gas field, but the media claimed that more than 120 billion cubic meters Natural gas reserves are only preliminary estimates. Exploration in this area is still at a very early stage. "In the end, there may be nothing, but it is also possible to find large gas fields. The company attaches great importance to this."

The reporter learned that from the initial exploration to the final extraction of oil and gas, it usually goes through a series of complicated procedures such as finding geological structures, three-dimensional earthquakes, drilling wells, and drilling multiple exploration wells. Among them, the possible reserves estimated after the three-dimensional earthquake may not be found in the subsequent exploration well stage, or it may be abandoned in the later stages because it has no commercial value.

It is understood that Sinopec Exploration Southern Branch deployed and implemented a 3D seismic survey data acquisition project covering an area of more than 340 square kilometers in Xinglong Field in mid-May this year. The company successfully completed 3D seismic data processing, interpretation, comprehensive evaluation and Xinglong. Demonstration and placement of wells in well 1. On September 30, Sinopec Group passed the demonstration of Well Xinglong 1 by Exploration South Branch. At present, Exploration South Branch has further implemented the best target area of Well Xinglong 1 based on the preliminary work, which indicates that the natural gas exploration in Southeast Sichuan has officially entered the implementation stage. According to the Jinghua Times

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