Drilling is underway by China Petroleum & Chemical Corp. (Sinopec) for the Project Deep Earth 1-Yuejin 3-3XC Well, the company said in a May 4 press release. The well, located in the Tarim Basin, Xinjiang Uyghur Autonomous Region, has a depth of 9,472 m (5.88 miles), setting a record for Asia’s deepest oil and gas well.
Sinopec reported that it struck oil and gas flows in the basin at a depth of 8,591 m in a separate well on May 2.
Drilling on the new well was expected to reach the carboniferous strata in just 21 days, setting yet another regional record. In addition, the well has a horizontal drilling distance of 3,400 m.
Sinopec was founded in 1998 as part of a restructuring of the petroleum and petrochemical industry in China, according to the company’s website.
This report contains reporting from Reuters.
Recommended Reading
Russia Orders Companies to Cut Oil Output to Meet OPEC+ Target
2024-03-25 - Russia plans to gradually ease the export cuts and focus on only reducing output.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Segrist: The LNG Pause and a Big, Dumb Question
2024-04-25 - In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Permian Gas Finds Another Way to Asia
2024-04-30 - A crop of Mexican LNG facilities in development will connect U.S. producers to high-demand markets while avoiding the Panama Canal.
BP Starts Oil Production at New Offshore Platform in Azerbaijan
2024-04-16 - Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.