Big energy news! The China Petrochemical Corporation (Sinopec), one of the three biggest oil companies in the Chinese mainland, just announced a massive discovery: proven shale gas reserves exceeding 165 billion cubic meters in the newly named Hongxing shale gas field at the junction of Hubei Province and southwest China's Chongqing Municipality 🚀.
Buried between 3,300 and 5,500 meters underground amid complex rock formations, this deep-drilling win shows how technology is unlocking hidden pockets of natural gas 🔍. Despite the tough geology, Sinopec's team pushed through to confirm the field's huge potential.
By applying cutting-edge techniques, the Hongxing site went from an initial single-well test output of 89,000 cubic meters per day to a staggering 323,500 cubic meters per day 💡⛽. That boost highlights the power of innovation in modern energy exploration.
Sinopec already operates the Fuling shale gas field in Chongqing, which holds more than 1 trillion cubic meters of reserves. Now with Hongxing among four other deep fields surpassing 100 billion cubic meters, the company is cementing its role as a leader in shale gas development in the Chinese mainland.
For energy enthusiasts, investors, and anyone curious about global markets, this discovery is a game-changer. It not only strengthens Asia’s energy mix but also opens doors for more clean-burning fuel options and investment opportunities in the region 🔥🌍.
Reference(s):
China discovers large shale gas reserves of 165 billion cubic meters
cgtn.com
