• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 9 days By Kellen McGovern Jones - "BlackRock Behind New TX-LA Offshore Wind Farm"
  • 4 days Solid State Lithium Battery Bank
  • 3 days Bad news for e-cars keeps coming
  • 15 days The United States produced more crude oil than any nation, at any time.
  • 16 days Natron Energy Achieves First-Ever Commercial-Scale Production of Sodium-Ion Batteries in the U.S.
Solar Surplus: California's Renewable Energy Dilemma

Solar Surplus: California's Renewable Energy Dilemma

California's excess solar power production,…

The Dramatic Fall of Mexico’s Oil Giant

The Dramatic Fall of Mexico’s Oil Giant

Mexico's state-owned oil company, Pemex,…

Sinopec Appraisal Well in South China Sea Yields High Oil and Gas Flows

China Petroleum and Chemical Corporation, or Sinopec, has said that it struck high oil and gas flows from an exploration well in the South China Sea.

Sinopec’s subsidiary Shanghai Offshore Petroleum Company (SHOPC) has tested the Hai 3 well test in the Weixi exploration area in the Beibu Gulf Basin in the South China Sea, and found that oil and gas output was very promising.  

SHOPC says the daily flow rate is a record-high for oil and gas production in Beibu Gulf’s Haizhong Depression, part of the Weizhou oilfield, Offshore Energy reports.

Sinopec has been more active in onshore exploration and production, but it has recently boosted offshore exploration efforts, too, as Chinese state-held giants seek to raise domestic oil and gas resources and production.

At the end of last year, Sinopec launched oil and gas production from the deepest onshore well in Asia. The Yuejin 3-3XC well of Sinopec’s Project Deep Earth NO.1 in the Tarim Basin in the Xinjiang Uygur autonomous region, is 9,432 meters (30,945 ft) deep—a new record set for the deepest onshore well in Asia.

More recently, another major state-held oil and gas giant, CNOOC, launched last month crude oil production from a new development project in the South China Sea.

CNOOC, which specializes in offshore exploration and production in China and abroad, announced the start of the Enping 21-4 Oilfield Development Project in the eastern South China Sea, which is expected to reach peak production of approximately 5,300 barrels of oil equivalent per day (boepd) of light crude oil in 2025.

CNOOC boosted its 2023 oil and gas production to a record-high of 678 million barrels of oil equivalent (boe), above the 650 million boe guidance, the Chinese company said in March.

Since the beginning of this year, CNOOC has announced two major oil discoveries offshore China.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:

Join the discussion | Back to homepage

Leave a comment

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