Sinopec announced on August 29 that it has made a major commercial discovery in Shunbei Oilfield in Xinjiang’s Tarim Basin, which is expected to bring the oil production capacity of the oilfield to 1.5 million tonnes during the 13th Five-Year Plan period (2016-2020).
Sinopec has captured above one hundred tonnes of daily oil flow from each of six appraisal wells after the breakthrough of Shunbei well 1-1H in 2015. At present, Sinopec has deployed 10 wells in the Shunbei Oilfield, among which the eight wells have been completed and the two are being drilled.
Source:
http://www.sinopecgroup.com/group/en/Sinopecnews/20160901/news_20160901_417345048171.shtml
