Sinopec opens gas field in China’s Sichuan

Sinopec has opened a new field in the district of Bazhong with reserves of more than 30 billion cubic meters of shale gas.

The Chinese state oil and gas company Sinopec has opened a new field in Sichuan province. The field in Bazhun is located in the northeastern part of the province, in terms of volumes it is considered the third field discovered by Sinopec in this region of China – its reserves are estimated at 30.55 billion cubic meters of gas.

The catch is that the occurrence of resources is at a great depth, which creates problems for its development. Experts define the Bachzhun deposit as densely sandy with a depth of up to 5225 meters. The gas in the field belongs to the category of shale. However, Sinopec has already developed several schemes for the development of the field. The company evaluates engineering solutions for production and continues exploration.

Sinopec ranks second in China in terms of oil and gas production. Recently, it has been focusing on the development of its foreign oil refining assets, which will increase the company’s profit, moving away from the restrictive quotas of the Chinese government in the domestic market.