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.
Sinopec has announced that the first phase of the Qijiang shale gas field has uncovered a major discovery in the Sichuan Basin with a proven geological reserve of 145.968 billion cubic meters.