A new shale gas discovery has been reported by Sinopec Southwest following drilling activities at the Jinshi 103HG exploratory well in the Sichuan Basin, China.
The company forecasts Jinshi 103HF’s resources in 387.8 billion cubic metres (bcm), having already achieved 258,600 cubic metres of natural gas production in a day.
This is the first discovery made in the Qiongzhusi formation, which composes the Sichuan Basin along with the Longmaxi formation. Sinopec has stated that it’s a great opportunity for the expansion of exploration and production in the area.