Sinopec Announces New Discovery in Xinjiang

Sinopec Announces New Discovery in Xinjiang

Sinopec Company announced that it has achieved a new oil discovery, that can produce more than 100 million tons of oil and gas, in the Shunbei area of the Tarim Basin in the country’s Xinjiang region, Reuters reported.

The company elaborated that an exploration well drilled by northwest China unit produces 6,315 barrels of oil per day (b/d) and 590,000 cubic meters of natural gas per day.

According to Reuters, the Sionpec oil production from Shunbei field in Xinjiang increased by 30% in 2020 to about 1 million tons and natural gas production rose by 32% to 350 million cubic meters (mmcm).



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