The proved reserves of newly added natural gas in the Zhongjiang gas field have exceeded 34 billion m3 and the total proved reserves reached 106.1 billion m3.
Sinopec said in a statement:
- The discovery will help establish China’s 1st 100 billion m3 natural gas production base
For 2 consecutive years, it produced more than 1 billion m3 of gas per year, equivalent of 5.5 million households' daily gas consumption.
The 404.9 km² gas field is characterised by low porosity, low permeability, and strong concealment.
In recent years, Sinopec has successively solved 3 major problems in oil & gas exploration and development:
- narrow-channel tight gas fields
- ultra-deep and high-sulfur gas fields
- deep shale gas fields
The company has so far developed more than 20 large and middle-sized oil and gas fields in the Sichuan basin, with accumulated natural gas production exceeding 80 billion m3.
Annual natural gas production has exceeded 8 billion m3 so far, benefiting more than 200 million residents in eight provinces, it said.