Core Viewpoint - The successful evaluation of the first phase of the Fuxing Oilfield's proven geological reserves marks the establishment of China's first shale oil field in the Sichuan Basin, indicating a significant breakthrough in the exploration of shale oil in Southwest China [1] Group 1: Oil and Gas Reserves - The Fuxing Oilfield has proven geological reserves of 10.1 million tons of oil and 12.352 billion cubic meters of natural gas [1] - The Sichuan Basin is characterized by "rich gas and scarce oil," with a historical focus on natural gas exploration and development [1] Group 2: Technological and Theoretical Advancements - The theoretical understanding and key technologies developed for the Fuxing Oilfield are expected to enhance China's shale oil and gas exploration and development theories, technologies, and standards [1] - The company aims to deepen the understanding of enrichment patterns and strengthen the overall evaluation and deployment of terrestrial shale oil in the Sichuan Basin [1] Group 3: Future Exploration Goals - The company plans to achieve new breakthroughs in exploration and establish a second shale oil reserve area in the near future [1]

7月31日，记者从中国石化新闻办获悉，由中国石化勘探分公司、江汉油田提交的复兴油田首期石油2010.06 万吨、天然气123.52亿立方米探明地质储量顺利通过自然资源部评审，标志着我国四川盆地首个页岩层系油田诞 生，这也是重庆市第一个油田，实现了我国西南地区页岩油"从无到有"的战略性突破，开辟了四川盆地页岩油气 勘探新领域和增储新阵地，对我国西南地区页岩油勘探开发具有重大战略意义。 中国石化复兴油田钻井现场 复兴油田位于重庆市境内，处于四川盆地东南缘。四川盆地总体具有"富气少油"特征，长期以来以天然气勘 探开发为主，而石油资源相对匮乏。2012年涪陵页岩气田发现后，中国石化联合高校、科研院所和国家重点实验 室平台，系统开展四川盆地页岩油气地质理论研究和关键技术攻关，最终2021年在复兴地区成功钻探泰页1井， 试获日产油58.9立方米、日产气7.35万立方米，取得四川盆地陆相页岩油气勘探的重大突破。 泰页1井突破后，中国石化勘探开发团队紧密结合、一体化推进，相继新部署了多口评价井和试验井组，不断 迭代深化勘探评价认识和工程工艺技术，大幅度提升了优质页岩地震预测精度，突破了陆相页岩体积压裂技术瓶 颈，完试的探井成 ...

Core Insights - The establishment of the "Fuxing Oilfield" marks a strategic breakthrough for shale oil in Southwest China, transitioning from non-existence to a significant presence in the Sichuan Basin [1][3] - The Fuxing Oilfield has proven geological reserves of 20.1 million tons of oil and 12.352 billion cubic meters of natural gas, which has been approved by the Ministry of Natural Resources [1][3] - The oilfield is located in Chongqing and represents the first oilfield in the city, opening new avenues for shale oil and gas exploration in the region [1][3] Exploration and Development - The Sichuan Basin has historically been characterized by "rich gas and scarce oil," focusing primarily on natural gas exploration, with oil resources being relatively limited [3] - Following the discovery of the Fuling Shale Gas Field in 2012, Sinopec collaborated with universities and research institutions to conduct geological research and tackle key technical challenges in shale oil and gas exploration [3] - The successful drilling of the Taiye 1 well in 2021 yielded a daily production of 58.9 cubic meters of oil and 73,500 cubic meters of gas, marking a significant breakthrough in the exploration of terrestrial shale oil and gas in the Sichuan Basin [3] Technological Advancements - Sinopec's exploration team has integrated various approaches to enhance exploration and evaluation, significantly improving the accuracy of seismic predictions for high-quality shale [3] - The company has overcome technical bottlenecks in volume fracturing of terrestrial shale, achieving a 100% success rate in completed exploratory wells, with test production meeting proven reserve standards [3] - The theoretical insights and key technologies developed during the Fuxing Oilfield project are expected to contribute significantly to the overall framework of shale oil and gas exploration and development in China [3] Future Prospects - Sinopec aims to deepen its understanding of enrichment patterns and strengthen the overall evaluation and deployment of terrestrial shale oil in the Sichuan Basin, with plans to achieve new exploration breakthroughs [3] - Currently, Sinopec has identified three major shale oilfields: Xinxing, Qintong, and Fuxing, with the Xinxing Oilfield being the first in China to reach a geological reserve of over 100 million tons [4] - The company anticipates an annual shale oil production of 705,000 tons by 2024, reflecting a year-on-year increase of 308,000 tons [4]

Core Viewpoint - China Petroleum & Chemical Corporation (Sinopec) has successfully passed the evaluation by the Ministry of Natural Resources for the first phase of the Fuxing Oilfield, marking the establishment of the first shale oilfield in the Sichuan Basin, with proven geological reserves of 6.06 million tons of oil and 12.352 billion cubic meters of natural gas [1] Group 1: Project Overview - The Fuxing Oilfield is located in Chongqing, at the southeastern edge of the Sichuan Basin, which is characterized by "rich gas and scarce oil" [1] - Historically, the Sichuan Basin has focused on natural gas exploration and development, with oil resources being relatively scarce [1] Group 2: Technological Advancements - Following the discovery of the Fuling Shale Gas Field in 2012, Sinopec collaborated with universities, research institutes, and national key laboratories to conduct systematic geological research and tackle key technologies for shale oil and gas in the Sichuan Basin [1] - In 2021, Sinopec successfully drilled the Taiye 1 well in the Fuxing area, achieving a daily oil production of 58.9 cubic meters and daily gas production of 73,500 cubic meters, marking a significant breakthrough in the exploration of continental shale oil and gas in the Sichuan Basin [1] Group 3: Future Plans - The manager of Sinopec's shale gas project department emphasized that the theoretical understanding and key technologies developed for the Fuxing Oilfield are crucial for enhancing China's shale oil and gas exploration and development theories, technologies, and standards [1] - The company plans to deepen the understanding of enrichment patterns and strengthen the overall evaluation and deployment of continental shale oil in the Sichuan Basin, aiming for new exploration breakthroughs and the establishment of a second shale oil reserve area [1]