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China Petroleum & Chemical Corp.

Chongqing Province Discovers Massive Shale Gas Field with 124.588 Billion Cubic Meters of Reserves

Strategic Insights

— 1 min read

Chongqing Province has made a significant discovery in the field of shale gas, with the newly discovered Yongchuan shale gas field boasting reserves of 124.588 billion cubic meters. This achievement has marked the birth of another large-scale, deep, fully-contained shale gas field in China, exceeding 100 billion cubic meters in reserves. The discovery is expected to provide a clean energy guarantee for the development of the Yangtze River Economic Belt and support the production base in Sichuan and Chongqing.

Key Takeaways:

  • The Yongchuan shale gas field, located in Yongchuan District, Chongqing, has been approved by an expert panel from the Ministry of Natural Resources, with newly discovered geological reserves of 124.588 billion cubic meters.
  • The field is a deep-seated shale gas field, with the main portion buried at a depth of over 3,500 meters.
  • In 2016, Sinopec Southwest Petroleum Bureau achieved a major exploration breakthrough with the Yongye 1HF well, leading to the discovery of the Yongchuan shale gas field.
  • The field's geological reserves have increased from 23.453 billion cubic meters in 2019 to 148.041 billion cubic meters after comprehensive exploration.
  • A representative from Sinopec's Southwest Petroleum Bureau stated that shale gas is widely distributed and possesses vast resources in the complex tectonic zones of southern Sichuan Basin.
  • The discovery is of great significance for safeguarding national energy security and is expected to support the development of the 100 billion cubic meter production base in Sichuan and Chongqing.

Statistics:

  • 124.588 billion cubic meters: Newly discovered geological reserves of the Yongchuan shale gas field.
  • 100 billion cubic meters: Exceed reserve threshold, marking a major breakthrough in shale gas field discovery.
  • 148.041 billion cubic meters: Total geological reserves of the Yongchuan shale gas field after comprehensive exploration.
  • 23.453 billion cubic meters: Geological reserves approved in 2019 by an expert panel from the Ministry of Natural Resources.
  • 2016: Year in which Sinopec Southwest Petroleum Bureau achieved a major exploration breakthrough with the Yongye 1HF well.
  • 3,500 meters: Depth at which the main portion of the Yongchuan shale gas field is buried.

Sources:

  • "Sinopec's 'Deep Earth Engineering - Sichuan-Chongqing Natural Gas Base' project achieves major breakthrough." - Sinopec Press Office.
  • "Chongqing: Yongchuan Shale Gas Field Reserves Exceed 100 Billion Cubic Meters." - CQ.gov.cn.

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