China Petroleum & Chemical Corporation ( Sinopec ) announced that its Yuanshen-1 exploration well in the Sichuan Basin had successfully completed the drilling at a depth of 8,866 meters, beating the previous deepest record in the Sichuan Basin set by its Rentan-1 well.
Here’s a roundup of the latest E&P headlines, including a field start up and a well drilled to a basin with record depth from the past week in the upstream oil and gas industry.
Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
A major breakthrough of Sinopec's "Project Deep Earth," the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the Sichuan Basin and further shows the great potential of deep ancient carbonate rocks in the region.