Sinopec's Fuling field produces record shale gas in H1
Sinopec operated Fuling shale field in China's Chongqing Municipality produced record shale gas during the first six months of the year, state-owned Xinhua news agency reported on July 4.
The field produced 3.63bn of shale gas in the first half, up 1.9% year/year. During the same period, 46 new wells were put into production, the news agency reported.
The National Gas Company of Trinidad and Tobago Limited (NGC) NGC’s HSSE strategy is reflective and supportive of the organisational vision to become a leader in the global energy business.
Fuling became operational in 2014 and serves as a key source of supply for the Sichuan-East pipeline. State-owned Sinopec recently added 104.9bn m3 of proven reserves, bringing the field’s total proven reserves to nearly 900bn m3, accounting for 34% of China's total proven reserves of shale gas.
Sinopec earlier this year said it plans to produce 1,256.7bn ft3 or 35.59bn m3 of natural gas in 2022, up 4.8% yr/yr. The growth target this year is much lower than the growth rate of 11.9% in 2021.