An exploratory well at the site has demonstrated promising results, yielding 38.64 cubic meters of oil and 10,000 cubic meters of natural gas per day during test production. Shale oil, consisting of liquid hydrocarbons trapped in shale rock formations, is often found alongside organic-rich shale and thin layers of carbonate rock, sandstone, or siltstone. As an unconventional resource, it plays a vital role in supporting China’s stable crude oil output.
Sinopec has intensified its focus on shale oil exploration and development, achieving significant milestones. The company identified three large-scale shale oil fields in recent efforts, reflecting its commitment to expanding domestic energy resources. In 2024, Sinopec’s annual shale oil production reached 705,000 tonnes, an increase of 308,000 tonnes compared to the previous year, demonstrating steady progress in extraction capabilities.
“This discovery in Qijiang strengthens our efforts to enhance energy security through unconventional resources,” said a Sinopec spokesperson. “We are committed to advancing exploration and production technologies to maximize the potential of shale oil in the Sichuan Basin.”
The new reserve contributes to China’s broader strategy of diversifying its energy portfolio while meeting domestic demand. By tapping into unconventional sources like shale oil, Sinopec supports the nation’s goal of maintaining a reliable supply for refining and industrial use. The Sichuan Basin, known for its geological richness, continues to be a focal point for such initiatives, with ongoing investments in advanced drilling and extraction methods.
The Qijiang discovery is expected to bolster local and regional economies through job creation and infrastructure development. It also enhances China’s capacity to reduce reliance on imported oil, aligning with efforts to optimize resource utilization. The high flow rates from the exploratory well indicate strong potential for scalable production, which could further elevate Sinopec’s output in the coming years.
Sinopec’s advancements in shale oil reflect a broader trend of leveraging cutting-edge technologies to unlock challenging reserves. The company’s focus on improving extraction efficiency ensures that new fields contribute meaningfully to national energy needs. As exploration continues, the Sichuan Basin discovery underscores the importance of innovation in sustaining long-term energy stability.
This milestone reinforces Sinopec’s position as a leader in China’s energy sector. By expanding its shale oil portfolio, the company supports industrial growth while addressing environmental considerations through efficient resource management. The Qijiang reserve is poised to play a key role in China’s energy landscape, fostering sustainable development and economic resilience.
