World non-renewable energy discussion

tphuang

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so now we have plans for a 45 BCM gas pipeline from Russia to Kazakhstan and China. China will need to build gas pipeline to bring that from Xinjiang in land, but they should sign this as long as terms are reasonable. I don't really care if LNG terminals sit idle. Why continue to buy LNG for hostile nations at higher prices?
 

tphuang

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the discoveries continue

19 gas field at around or over 100 bcm were discovered

10 oil field at 100 million ton or more were discovered.

To put things in perspective, they were at 3.8 billion ton in oil reserve before this. And 6.68 trillion cubic meters. So added 1/4 to 1/3 more to both.
 

GOODTREE

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The first phase of the world's largest metamorphic oil field was put into production.
Xinhua News Agency, Tianjin, Feb. 7 (Reporter Liang Zi) reporter learned from China National Offshore Oil Corporation, Tianjin Branch, billion-ton oilfield Bozhong 26-6 oilfield development project in the first phase of the 7th officially put into production, marking the world's largest metamorphic oilfield officially entered the production stage.

  Bozhong 26-6 oil field development project is divided into a first and second phase. The main production facilities of the first phase of the project include a central processing platform and an unmanned wellhead platform, with 33 development wells scheduled for production, and an expected peak daily production of more than 3,500 cubic meters of oil and gas equivalent.
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antwerpery

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China National Petroleum Corp announced on Thursday that it has completed the drilling of the deepest vertical well in Asia, with a borehole reaching a depth of 10,910 meters in one of China's northwestern deserts, the Xinhua News Agency reported.

The well, known as "Shenditake 1," is a scientific exploration project. Beyond the search for oil and gas resources, the well is also designed to advance the study of the Earth's evolution and deep-Earth geology, according to Xinhua.The vertical well, the second across the world, also made other engineering breakthroughs globally, including the deepest liner cementing, deepest wireline imaging logging and fastest onshore drilling to exceed 10,000 meters.The drilling began on May 30, 2023, with the first 10,000 meters completed in 279 days, and the final 1,000 meters of drilling took more than 300 days, during which active oil and gas indications were observed, according to a China Media Group report.

Wang Chunsheng, chief expert of the Tarim Oilfield of China National Petroleum Co, explained that every meter at such depth posed challenges, the CMG report said. "The team overcame numerous obstacles, including heavy loads, wellbore instability, drill fatigue, tool failures and severe formation loss," said Wang, stressing that the drilling successfully passed through 12 geological formations of the Tarim Basin, ultimately reaching high-quality oil- and gas-producing rock formations between 10,851 and 10,910 meters.

"This marks the first discovery of oil and gas beneath 10,000 meters on land globally, significantly expanding the scope of ultra-deep oil and gas exploration," Wang said, according to the CMG report.Shenditake 1 was equipped with the world's first 12,000-meter automated drilling rig, developed by China, establishing a controllable system for ultra-deep drilling. The operation set five records, including the deepest tail pipe cementing, deepest cable imaging logging, fastest drilling beyond 10,000 meters on land, and deepest core sampling in Asia.

Using core samples, rock cuttings and logging data, the researchers created Asia's first 10,000-meter geological profile, providing crucial data for deep Earth exploration and oil and gas research."The Shenditake 1 borehole has overcome a series of world-class challenges, including extreme depth, high temperatures and high pressure, successfully fulfilling both scientific exploration and oil and gas discovery tasks. This achievement has driven significant advancements in engineering technology," said He Jiangchuan, vice president of PetroChina, according to CMG.

He stated that the success of drilling beyond 10,000 meters is another significant breakthrough for China following its advancements in space and deep-sea exploration. More than 300 wells deeper than 8,000 meters have been drilled in the Tarim Basin, accounting for more than 80 percent of the country's total. Drilling beyond 10,000 meters will advance geological theories and technologies for ultra-deep oil and gas exploration, leading the way in extraction efforts, according to the CMG report.
Pretty big news. If there's large oil and gas deposits below 10km, there's potentially a massive amount of fossil fuels everywhere in China, even in the coastal areas, they just haven't been discovered yet due to their depth, or are known but can't be accessed due to to their depth. Of course this will be extremely expensive compared to other sources of oil/gas, and viability of oil/gas reserves is largely dependent on the prize of extraction, so bringing the prize down will be a big priority. This could be China's version of America's shale boom.
 
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PiSigma

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Pretty big news. If there's large oil and gas deposits below 10km, there's potentially a massive amount of fossil fuels everywhere in China, even in the coastal areas, they just haven't been discovered yet due to their depth, or are known but can't be accessed due to to their depth. Of course this will be extremely expensive compared to other sources of oil/gas, and viability of oil/gas reserves is largely dependent on the prize of extraction, so bringing the prize down will be a big priority. This could be China's version of America's shale boom.
It's not about economics of the extraction but the strategic nature of it. If the war with US goes hot, China want to ensure there is enough energy generation and import to cut off shipping. Russia and central Asia can provide some. But domestic production is going to be key.
 
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