BEIJING : Sinopec, China’s largest oil refiner, confirmed that the new shale oil deposit was located in the Zhejiang District of Chongqing Municipality. During trial production, an exploratory well at the site recorded an impressive daily flow rate of 38.64 cubic meters of oil and 10,000 cubic meters of natural gas, underscoring the field’s commercial potential.
Shale oil, a form of liquid hydrocarbons trapped within rock formations such as organic-rich shales and interbedded layers of carbonate, sandstone, and mudstone, plays an increasingly vital role in China’s unconventional energy portfolio.
As part of its continued exploration strategy, Sinopec has already identified three major shale oil fields across the country. Last year alone, the company’s annual shale oil output reached 705,000 tons, an increase of 308,000 tons compared to the previous year.
In a major energy breakthrough, Sinopec has identified a 100-million-ton shale oil reserve in Chongqing, China. The site shows promising commercial viability with impressive daily production rates. This discovery is a testament to the increasing role of shale oil in China's energy landscape, as Sinopec continues to expand its exploration efforts across the nation.