{"id":14822,"date":"2022-12-30T13:03:00","date_gmt":"2022-12-30T13:03:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3975576_AE75576_0"},"modified":"2022-12-30T13:03:00","modified_gmt":"2022-12-30T13:03:00","slug":"sinopec-sets-a-new-vertical-well-depth-record-of-8866-meters-in-the-sichuan-basin-china","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=14822","title":{"rendered":"Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/960416\/SINOPEC_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">BEIJING<\/span>, <span class=\"xn-chron\">Dec. 30, 2022<\/span> \/PRNewswire\/ &#8212;&nbsp;China Petroleum &amp; Chemical Corporation (HKG: 0386, &#8220;Sinopec&#8221;) announced that its Yuanshen-1 risk exploration well in the <span class=\"xn-location\">Sichuan<\/span> Basin had successfully completed the drilling at a depth of 8,866 meters, beating the previous deepest record in the <span class=\"xn-location\">Sichuan<\/span> Basin set by its Rentan-1 well.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder5048\" readability=\"9\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/1975755\/image_1.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/1975755\/image_1.jpg?p=medium600\" title=\"Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China.\" alt=\"Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China.\"><\/a><br \/><span>Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China.<\/span><\/p>\n<\/p><\/div>\n<p>A major breakthrough of Sinopec&#8217;s &#8220;Project Deep Earth,&#8221; the Yuanshen-1 well has reached the deepest oil and gas formation in burial depth in the <span class=\"xn-location\">Sichuan<\/span> Basin and further shows the great potential of deep ancient carbonate rocks in the region.<\/p>\n<p>On the same day, Sinopec officially unveiled the &#8220;Project Deep Earth \u2013 Natural Gas Base in <span class=\"xn-location\">Sichuan<\/span> and <span class=\"xn-location\">Chongqing<\/span>&#8220;, in collaboration with Sinopec Exploration Company, Sinopec Southwest Oil &amp; Gas Company, Sinopec Zhongyuan Oilfield Company, Sinopec Jianghan Oilfield Company and Sinopec East China Oil &amp; Gas Company. This is Sinopec&#8217;s third &#8220;Project Deep Earth&#8221; base after the Shunbei Oilfield and Jiyang Shale Oil bases.<\/p>\n<p>To date, Sinopec&#8217;s deep natural gas resources in the <span class=\"xn-location\">Sichuan<\/span> Basin in areas with mineral rights have reached <b>15 trillion cubic meters<\/b>, which holds a heavy weight for <span class=\"xn-location\">China&#8217;s<\/span> natural gas reserves and production growth.<\/p>\n<p>The Yuanshen-1 well has reached the deepest hydrocarbon reservoir in the <span class=\"xn-location\">Sichuan<\/span> basin \u2013 the mound-shoal complex of the platform marginal facies&nbsp;in Dengying Formation. During the exploration, the ultra-deep carbonate rock, buried at a depth of over 8,700 meters, still showed positive hydrocarbon evidence in the porous reservoir.<\/p>\n<p>Drilling to a depth of over 8,000 meters can bring many challenges for global industrial players. The large-size upper casing weighs 517 tonnes at ground level, which is a challenge to the rig&#8217;s lifting and casing capabilities. The ultra-high temperature in the deep earth also has high requirements for the drilling fluid&#8217;s stability and anti-pollution capability, and coring at such depths is difficult and time-consuming. To combat these challenges, Sinopec has developed five key technologies for ultra-deep drilling to support the oil and gas exploration in deep and ultra-deep carbonate reservoirs.<\/p>\n<p>Sinopec has continually advanced deep hydrocarbon exploration in the <span class=\"xn-location\">Sichuan<\/span> Basin, mainly including conventional gas in deep marine carbonate rocks and deep shale gas. It has discovered the Puguang, Yuanba and Chuanxi gas fields, and to date, Sinopec&#8217;s annual conventional gas production capacity from deep marine carbonate reservoirs has exceeded 12 billion cubic meters.<\/p>\n<p>For more information, please visit&nbsp;<u><a href=\"http:\/\/www.sinopec.com\/\" target=\"_blank\" rel=\"nofollow noopener\">Sinopec<\/a><\/u>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BEIJING, Dec. 30, 2022 \/PRNewswire\/ &#8212;&nbsp;China Petroleum &amp; Chemical Corporation (HKG: 0386, &#8220;Sinopec&#8221;) announced that its Yuanshen-1 risk exploration well in the Sichuan Basin had successfully completed the drilling at a depth of 8,866 meters, beating the previous deepest record in the Sichuan Basin set by its Rentan-1 well. Sinopec Sets A New Vertical Well [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":14823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-14822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=14822\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sinopec Sets A New Vertical Well Depth Record of 8,866 Meters in the Sichuan Basin, China - My Blog\" \/>\n<meta property=\"og:description\" content=\"BEIJING, Dec. 30, 2022 \/PRNewswire\/ &#8212;&nbsp;China Petroleum &amp; Chemical Corporation (HKG: 0386, &#8220;Sinopec&#8221;) announced that its Yuanshen-1 risk exploration well in the Sichuan Basin had successfully completed the drilling at a depth of 8,866 meters, beating the previous deepest record in the Sichuan Basin set by its Rentan-1 well. 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