Significant progress has been made in oil and gas

2022-10-22
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Significant progress has been made in oil and gas exploration and development in the Junggar basin, and the production capacity may exceed one million tons

it was learned from PetroChina yesterday (29th) that the exploration of Mahu oil area of Xinjiang Oilfield Company has made significant progress according to the cost state of vanadium battery. The key exploration well "up to 18 wells" has been significantly discovered in the Permian, and the daily output of "014 exploration well" has exceeded 100 tons. This has further consolidated the resource base of the 1 billion ton oil region in Mahu region, which is of great significance to the stable production of crude oil in China

CCTV Liuping: Recently, major breakthroughs have been made in oil and gas exploration and development in the Junggar basin, Xinjiang. This is the development site of Mahu oil area of Xinjiang Oilfield. Two exploration wells obtained high-yield oil flow and 100 tons per day of PA610 and PA1010 polymer products at the new deposition, with an increase of $0.5 per kilogram, respectively, which further confirms the resource base of 1 billion tons of reserves in this area. It is expected that the production capacity of the whole oil area will exceed 1 million tons this year

after more than 20 years of efforts, exploration workers have overcome the four recognized problems faced by conglomerate exploration in the depression, such as resource potential, effective reservoir, reservoir formation above the source and lack of supporting technology, and found the world's largest conglomerate oil field to share resources

Wang Xiaojun, President of the exploration and Development Research Institute of Xinjiang Oilfield Company: in the five years from 2012 to 2018, we found 500 million tons of proved, 500 million tons of controlled and predicted reserves in this place, showing a scale of 1 billion tons

in the past two years, Mahu oil region has built a new production capacity of 1.37 million tons, with a cumulative oil production of 1.328 million tons. In the next three years, another 4million tons of production capacity will be built, and new large oil fields will be built as soon as possible

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