Major discoveries! Shale oil reserves in Taizhou City, Jiangsu Province, amounted to 350 million tons

The oil reserves of Taizhou City, Jiangsu Province, have made major discoveries
.
On December 15, CCTV broadcast a news item in the live news room - "Breakthrough in continental shale exploration in the Northern Jiangsu Basin, and the initial implementation of resources reached 350 million tons.
"
It is gratifying that these 350 million tons of resources are in the territory
of Taizhou City.

Drilling site of Shaduo 1 well (data map
).

The source of this news is Sinopec East China Petroleum Bureau
.
On December 15, Sinopec released the news that three shale oil exploration wells deployed by the East China Petroleum Bureau of Sinopec in the Northern Jiangsu Basin obtained high-yield shale oil flows, of which the Qinsha 1HF well recently tested 55 tons of oil per day; Shuai Page 3-7HF well test obtained 20 tons of oil per day; The previously deployed Shaduan 1 well has been self-injection for 392 consecutive days, accumulating 11,000 tons of
shale oil.
According to the preliminary evaluation, Sinopec has implemented a favorable area of 420 square kilometers and 350 million tons of shale oil resources in the Qintong Sag area of the Northern Jiangsu Basin, which demonstrates the good prospects for exploration and development in the region and will open up a strategic succession position
for crude oil resources in China's Northern Jiangsu Basin.

The reporter learned that the oil wells involved this time are all in the territory of Taizhou City, of which the Qinpa 1HF well is located in the Qintong area of Jiangyan, and the Shuai Page 3-7HF well and the Shaduo 1 well are located in the Dainan area
of Xinghua City, Taizhou City.

Shale oil refers to unconventional petroleum resources stored in the tiny pores of shale layers, and at present, only North America has achieved large-scale commercial development
of shale oil.
Shale oil is an important strategic resource in China, and accelerating the exploration and development of shale oil is of great significance to ensuring national energy security
.

It is reported that the shale oil buried in Taizhou City is more than 3,000 meters, the pressure is large, the storage space is more subtle than the hair, and the development is difficult, which brings great challenges
to the process technology of drilling and fracturing.
Combined with the actual conditions of exploration, Sinopec East Petroleum Bureau strengthened the study of the formation conditions and enrichment laws of continental shale oil, adhered to the principle of "three-dimensional exploration, common and non-consideration", and achieved a major breakthrough in
shale oil exploration.

The reporter learned from the Taizhou Municipal Bureau of Natural Resources and Planning on December 19 that Taizhou City has rich
oil resources reserves.
The domestic petroleum resources are mainly distributed in Jiangyan and Xinghua areas, of which the proven petroleum geological reserves in the Chenbao area of Xinghua City are 18 million tons, which is the largest onshore complete oilfield in Jiangsu, and there are also fault oilfields such as Shuxi, Chujialou, Dacheng, Yuduo, Zhouzhuang, Maoshan and Liulu, with an annual oil production capacity of 400,000 tons
.
The 350 million tons of shale oil resources are a major discovery
of the city's oil reserves.