More than 160 bcm of shale gas reserves newly proved in Sichuan Basin
As examined and approved by the Ministry of Land and Resources, CNPC has added 207.87 square kilometers of new shale gas bearing areas in well blocks of Wei-202, Ning-201, and YS108, with proven original gas in place of 163.53 billion cubic meters and technically recoverable reserves of 40.88 billion cubic meters.
All the three well blocks are located in the national shale gas demonstration zone in the Sichuan Basin. By August 27, 47 wells have been put into production in the newly proved areas, producing 3.62 million cubic meters per day, enough for domestic gas use of 2.8 million families.
This is the first time for CNPC to submit proven shale gas reserves to the Ministry of Land and Resources. It marks a new breakthrough in China’s unconventional gas exploration and development, and is significant to promoting the rapid development of China’s gas industry and ensuring national energy security.