Sinopec Acquires Trillion Cubic Meters of Shale Gas Resources in Southwestern Sichuan, China
CHONGQING, China, July 4, 2022 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG: 0386, "Sinopec") has reported that it has achieved a daily production capacity of 530,000 cubic meters of shale gas on June 30 in its Xinye Well-1 in Qijiang, Chongqing, confirming the 100 billion cubic meters of shale gas reserves in its Xinchang shale gas structure.
As of now, Sinopec has established the shale gas resource belt of "Xinchang South – Dongxi – Dingshan – Lintanchang" (the "Belt") in the southeastern Sichuan Basin, with overall shale gas resource volume reaching 1.19305 trillion cubic meters, the second trillion-level shale gas reserve of Sinopec following its Fuling shale gas field
