Xin Hua Wang·2026-01-14 08:13Group 1 - China Petroleum & Chemical Corporation (Sinopec) achieved a significant breakthrough in shale gas exploration with the successful daily production of 314,500 cubic meters from the Tiebei 1 side HF well in the Sichuan Basin, setting a new record for well depth in China at over 5,300 meters [1] - The successful drilling of the Tiebei 1 side HF well is expected to enhance the resource accumulation and production capacity in the Puguang area, contributing to the development of ultra-deep shale gas in the Sichuan Basin [1][2] - Sinopec has been actively seeking new resource supplements to maintain stable production, focusing on the rich shale gas resources in the Puguang second member of the Permian system, which are primarily located at depths exceeding 4,500 meters [1][3] Group 2 - The company has developed its own high-pressure fracturing equipment, capable of creating complex "artificial gas pathways" in high-pressure geological formations, which aids in maximizing resource extraction from the shale gas reservoirs [2] - Sinopec is currently preparing a comprehensive exploration and development plan for the Puguang second member shale gas, aiming to enhance resource conversion efficiency and accelerate the transformation of the "deep earth forbidden zone" into a "deep earth granary" [2] - The development of shale gas is strategically significant for China's energy landscape, as the country has historically been a major oil and gas importer, and Sinopec has played a crucial role in the commercialization of shale gas in China since the discovery of the Fuling shale gas field in 2012 [3]