US EditionChina Discovers Major Shale Oil Field in Sichuan Basin
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The main Chinese oil company, Sinopec, has announced the discovery of a new shale oil reserve in the center of the country of about 100 million tons. The discovery is located in the Qijiang district of the city of Chongqing, considered part of the Sichuan geological basin, according to the official agency Xinhua. According to the company, an exploratory well dug in the place reached during the testing period a daily flow of 38.6 cubic meters of …
China Discovers Major Shale Oil Field in Sichuan Basin
China has achieved a breakthrough in its energy exploration drive with the discovery of a large shale oil field in the Sichuan Basin. The Qiluye-1 well, located in Chongqing’s Qijiang district, is producing 38.64 cubic meters of oil and 10,000 cubic meters of gas daily, China Central Television (CCTV) reported. The discovery confirms reserves of more than 100 million tons, marking a key expansion in China’s unconventional energy sector. It also …
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