• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 27 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 3 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 10 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 2 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 5 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 6 days Demonising fossil fuels has caused major grid problem in Australia
  • 6 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"
  • 7 days "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"

Breaking News:

Oil Likely To Hit $200: SEB Group

Social Backlash Is Wreaking Havoc On Ecuador’s Oil Industry

Social Backlash Is Wreaking Havoc On Ecuador’s Oil Industry

Ecuador’s already-struggling oil industry is…

Iranian Food Consumption Plummets As Prices Soar

Iranian Food Consumption Plummets As Prices Soar

Soaring prices are weighing on…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

China Finds Oil In Asia’s Deepest Onshore Well

China National Petroleum Corporation (CNPC) has found crude oil and natural gas in the deepest well drilled in Asia’s onshore, striking hydrocarbons in a pre-salt layer for the first time in China.

The discovery was made in the Tarim oilfield in China’s northwestern region of Xinjiang in a well deep 8,882 meters (29,140 feet), which was first drilled in July last year.

Production from the now spudded well in the pre-salt area is expected at 133.46 cubic meters of oil per day, while daily gas production is seen at 48,700 cubic meters, according to a CNPC statement carried by Reuters.

It is rare for new wells to be so deep, as the oil and gas wells in China typically range from 200 meters (656 feet) to 5,000 meters (16,404 feet), a petroleum engineer told the Global Times, commenting on the deepest onshore well in Asia.

CNPC and China are touting the deepest well in Asia as a success in enhanced oil recovery and risk exploration, but the world’s largest oil importer could face geological challenges in replacing oil and gas reserves from maturing oil and gas fields, analysts say.

China has made increasing its oil and gas production a matter of energy security and a priority for its oil and gas companies as its oil and gas demand continues to grow while domestic production is not nearly enough to cover that demand.

The biggest energy producers in China are tapping more tight oil and gas wells, aiming to increase domestic oil and natural gas production at the world’s largest crude oil importer.

China’s efforts to boost oil and gas exploration in harsh-environment areas and challenging geological conditions could get a shot in the arm later this year when Beijing will open oil and gas exploration to foreign companies. As of May 1 this year, foreign companies will be able to explore and develop oil and gas fields in China without setting up a joint venture with a Chinese company – a rule until now.

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Lee James on January 22 2020 said:
    It's mind-boggling to see the lengths that we'll go to extract and burn oil -- as deep as Mt. Everest is high, in this Chinese example.

    Hopefully we'll have societal energy left over for producing clean energy.

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News