Xin Lang Cai Jing·2025-10-23 04:39Core Viewpoint - China Petrochemical Corporation (Sinopec) has discovered a significant new shale oil and gas resource in the Sichuan Basin, marking a major breakthrough in domestic oil exploration [1] Group 1: Discovery Details - The risk exploration well, Qilu Ye 1, has tested high-yield shale oil and gas flows, producing 38.64 cubic meters of shale oil and 10,000 cubic meters of natural gas per day [1] - This discovery indicates a resource volume of over 100 million tons, establishing a new large-scale shale oil reserve in the region [1] Group 2: Economic and Strategic Implications - The well's shallow burial depth and high-quality oil suggest favorable economic development prospects [1] - This achievement aligns with the strategic goal of transitioning oil and gas exploration in the southern Sichuan Basin from marine to terrestrial areas [1]