Xin Lang Cai Jing·2025-05-13 07:51Group 1 - The core achievement of China Petroleum & Chemical Corporation (Sinopec) is the successful drilling of the Tiebei 1HF well in the Sichuan Basin, which has set a new record for shale gas well depth in China at over 5300 meters and a horizontal section length of 1312 meters, yielding a daily production of 314,500 cubic meters of industrial gas [1] - The Puguang gas field, developed for 20 years, is China's first ultra-deep high-sulfur gas field, and Sinopec aims to enhance production efficiency by focusing on the resource-rich Permian system, which is primarily located at depths exceeding 4500 meters [1] - Sinopec has achieved a 100% success rate in encountering high-quality shale during horizontal drilling, which is crucial for the efficient exploration and development of the Puguang area [1] Group 2 - In 2017, Sinopec established China's first shale gas field with a production capacity of over 10 billion cubic meters, the Fuling shale gas field, and in 2020, it completed the first phase of the Weirong shale gas field project, which has proven reserves exceeding 100 billion cubic meters [2] - According to the National Energy Administration, domestic shale gas production exceeded 25 billion cubic meters last year, accounting for 10% of the total natural gas production, with total oil and gas production surpassing 400 million tons of oil equivalent for the first time [3] - Last year, China's crude oil production reached 213 million tons, while natural gas production was 246.4 billion cubic meters, marking an increase of over 10 billion cubic meters for eight consecutive years [3]