State-owned PetroChina reports a production milestone of 26 million tons from ultra-deep wells in Xinjiang, signaling a major technological advancement in China's domestic energy supply strategy.
PetroChina is leveraging advanced drilling technology to extract resources from ultra-deep reservoirs, specifically in the Hade-Fuman oilfield, to enhance China's domestic energy security. By successfully producing over 26 million tons of oil equivalents from depths exceeding 6,000 meters, the company demonstrates operational resilience and a strategic shift toward challenging, high-yield geological formations. This milestone underscores PetroChina's role in mitigating the impact of global market volatility on China's energy supply chain.
Reservoirs located 6,000 meters (19,685 ft) or deeper below the surface are classified as ultra-deep.
The primary focus is the Hade-Fuman oilfield located in the western region of Xinjiang.
PetroChina has successfully extracted over 26 million tons of oil equivalents from ultra-deep reservoirs in the Hade-Fuman oilfield. This achievement underscores China's strategic push to bolster domestic energy security by tapping into challenging formations exceeding 6,000 meters in depth.
China is prioritizing ultra-deep drilling to increase domestic energy supply and reduce reliance on volatile global markets.
In this context, reservoirs located at depths of 6,000 meters (19,685 feet) or deeper are classified as ultra-deep.