Southwest Oil & Gas Field Achieved Good Production in Q1 of This Year

Source: www.gulfoilandgas.com 4/7/2021, Location: Asia

According to PetroChina Southwest Oil and Gas Field Company (“Southwest Oil and Gas Field”) on the 2nd: In the first quarter of 2021, the company produced 9.67 billion cubic meters of natural gas at an average daily rate of 1. 0 billion cubic meters, a year-on-year increase of 910 million cubic meters, an increase of 11.2%; sales of natural gas 9.583 billion cubic meters, a year-on-year increase of 1.143 billion cubic meters, an increase of 13.5%. ".

This year, the Southwest Oil and Gas Field, based on its advantages and seizing opportunities, has fully embarked on a new development journey of 50 billion yuan in production during the 14th Five-Year Plan, and accelerated the construction of the coordinated development of natural gas production, transportation, storage and sales. The production indicators in the first quarter continued to maintain strong growth.

According to reports, the Southwest Oil and Gas Field has formed an integrated collaboration in exploration, development, storage, transportation, and sales, closely tracking, timely grasping the production dynamics of the oil and gas field, strengthening the organization and coordination of the construction team, rationally arranging operations, and ensuring the smooth implementation of well positions and program workloads. , Realize the stable operation of production.

In the first quarter of the Southwest Oil and Gas Field there were 80 conventional pneumatic drilling rigs, including 10 large rigs over 8,000 meters, which completed drilling of 15 wells; in the first quarter of shale gas, more than 100 drilling rigs were organized, 26 sets of fracturing vehicles were used, and 60 wells were drilled. Well, 47 fracturing wells were completed. Accelerate the construction of production capacity, put into production a total of 56 new wells of conventional gas and unconventional gas, and increase the annual production capacity of 2.035 billion cubic meters.

It is understood that the Southwest Oil and Gas Field takes exploration as the leader, vigorously implements efficient exploration, grasps the "four new areas" risk exploration, and actively seeks new oil and gas strategic discoveries. In the first quarter, 8 industrial gas wells were tested, and the total daily gas production was 4.165 million cubic meters. The exploration success rate is 80%. Among them, the Permian Maokou Formation in Well Jiaotan 1 has detected one million high-yield industrial gas flows, which opened up another large-scale reservoir-increasing new formation system, demonstrating the good multi-layer three-dimensional exploration in the Taihe gas-bearing area potential.

It is worth mentioning that the Southwest Oil and Gas Field has accelerated the construction of the production block export and the Sichuan-Chongqing surplus gas export channel, especially since the winter guarantee supply, the company has made every effort to produce and guarantee the demand for gas supply, ensuring the largest export and upload load, and regional civilian use Gas is stable.

The first gas storage in Sichuan was put into gas injection, Xiangguosi gas storage increased its horsepower, 16 wells produced gas, 4 sets of dehydration devices were in operation, and 859 million cubic meters of gas were produced in the first quarter, an increase of 29,300 cubic meters from the same period last year. An increase of 51.77% has played an important role in ensuring peak supply in the Beijing-Tianjin-Hebei and Sichuan-Chongqing regions. At the same time, the company made comprehensive efforts in production, transportation, storage and marketing, increased market development, optimized gas utilization structure and price-price linkage mechanism, and consolidated its market share in Sichuan and Chongqing above 77%, achieving maximum production and sales balance.

The Southwest Oil and Gas Field is the largest natural gas production and supply company in Southwest my country. It currently has an annual output and comprehensive transmission and distribution capacity of 35 billion cubic meters. Next, the company will always anchor its goals, highlight high-efficiency exploration and profitable development, build the entire natural gas industry chain, and contribute more to the comprehensive implementation of the new national energy security strategy.


Argentina >>  5/6/2021 - Echo Energy plc, the Latin American focused full cycle energy Company, is pleased to announce its audited results for the financial year ended 31 Dece...
China >>  5/6/2021 - CNOOC Limited (the “Company”, TSX: CNU) announced that Liuhua 29-2 gas field has commenced production. ...

Canada >>  5/5/2021 - i3 Energy plc, an independent oil and gas company with assets and operations in the UK and Canada, has provided the following production update, incre...
Trinidad and Tobago >>  5/5/2021 - BHP has announced first oil production from the Ruby Project in offshore Trinidad and Tobago.

Ruby is located offshore Trinidad and Tobago ...


United States >>  5/5/2021 - Talos Energy Inc. ("Talos"") (NYSE: TALO) announced its operational and financial results for the first quarter of 2021. ...
United States >>  5/4/2021 - Zephyr Energy plc, the Rocky Mountain oil and gas company focused on responsible resource development, has provided an update on its recently acquired...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.