Hang Zhou Ri Bao·2025-10-23 08:03Core Insights - China Petroleum & Chemical Corporation (Sinopec) has discovered a new shale oil resource in the Sichuan Basin, specifically at the Qilu Yey 1 well, which has achieved a daily production of 38.64 cubic meters of shale oil and 10,000 cubic meters of natural gas, indicating a new large-scale shale oil reserve with a resource volume exceeding 100 million tons [1][3][5] Group 1: Shale Oil Discovery - The Qilu Yey 1 well is located in the Qijiang District of Chongqing and has a shale reservoir at a depth of over 2,000 meters, with a horizontal drilling length exceeding 2 kilometers and an oil-bearing shale thickness of nearly 40 meters [3] - This breakthrough reveals that the area has a distribution of high-quality shale covering over 1,000 square kilometers, indicating significant exploration and development potential [3][5] Group 2: Economic and Strategic Implications - The well's shallow burial depth and good oil quality suggest favorable economic development benefits, confirming a large-scale shale oil target with a resource volume exceeding 100 million tons [3][5] - The discovery at Qilu Yey 1 well complements the previously discovered Qijiang shale gas field, creating a "gas below, oil above" resource structure, further advancing the "oil and gas concurrent" strategic resource layout in the Sichuan Basin [5] Group 3: Future Production Goals - Sinopec plans to increase its shale oil production to 705,000 tons in 2024, an increase of 308,000 tons from the previous year, and aims to submit proven geological reserves of over 200 million tons of shale oil and 12.352 billion cubic meters of natural gas by 2025 [5]