Skip to Content Facebook Feature Image

China accelerates exploration of ultra-deep oil, gas in Tarim Basin

China

Video Player is loading.
Current Time 0:00
Duration -:-
Loaded: 0%
Stream Type LIVE
Remaining Time 0:00
Â
1x
    • Chapters
    • descriptions off, selected
    • captions off, selected
      China

      China

      China accelerates exploration of ultra-deep oil, gas in Tarim Basin

      2024-08-07 20:17 Last Updated At:20:37

      China is rapidly advancing its ultra-deep oil and gas exploration in the Tarim Basin, located in northwest China's Xinjiang Uygur Autonomous Region, with significant progress made in the Fuman Oilfield, the country's largest ultra-deep oilfield, where 73 percent of newly drilled wells prove to be high-yielding.

      The China National Petroleum Corporation (CNPC), the country's leading oil and gas producer, has made significant strides through its work in the area, where the overall drilling cycle for ultra-deep wells has been significantly reduced through optimized drilling designs and incorporating advanced technologies and equipment into the process.

      "The 'Manshen-807' well was drilled to a depth of over 8,800 meters in just 99 days, while 'Manshen-805' reached over 9,200 meters in 112 days, the fastest nationwide," said Wang Xiaoliang, deputy director of the drilling research division of the oil and gas exploration techniques research institute of the Tarim Oilfield company, a subsidiary of the CNPC.

      By the end of July, the Tarim Oilfield has seen a total of 650,000 meters being drilled this year, with the overall time of the drilling and completion cycle for areas with rich oil and gas being reduced by over 21 percent, breaking 46 records, and highlighting the increased efficiency brought by the tech advances.

      More than 120 cities in 15 provincial-level regions across China have been benefited by the natural gas supplied by the Tarim Oilfield, underlining the pivotal importance of the drilling work in the area in meeting the country's energy demands.

      The oil drilling industry generally classifies wells with depths exceeding 6,000 meters as ultra-deep wells. These wells serve as essential tools for extracting deep-sea oil and gas resources and exploring the Earth's deep layers.

      China accelerates exploration of ultra-deep oil, gas in Tarim Basin

      China accelerates exploration of ultra-deep oil, gas in Tarim Basin

      Next Article

      U.S. turns to Brazil for egg imports amid worsening supply shortage

      2025-03-28 15:54 Last Updated At:16:07

      The United States is ramping up egg imports from Brazil as it is grappling with a severe supply shortage and soaring prices amid an outbreak of avian influenza, also known as bird flu.

      According to data released by the Brazilian Association of Animal Protein (ABPA), U.S. egg imports from Brazil surged by 93 percent year on year in February 2025.

      Over the long term, demand for Brazilian eggs has shifted since January, with exports previously limited to pet food now expanding into broader use within the food industry.

      "In the past, the U.S. only permitted us to export eggs for processing, primarily for pet food production. Now, however, these eggs are also used in the food industry, including the production of bread, cakes, and desserts," said Ricardo Santin, ABPA president.

      U.S. egg prices have continued to surge due to a shortage of egg-laying hens amid the bird flu outbreak, adding continued pressure to inflation.

      Egg prices have shot up 10.4 percent month over month and 58.8 percent year over year in the country, according to a March 12 report released by the U.S. Bureau of Labor Statistics.

      While the U.S.'s expanded egg imports from Brazil are currently viewed as an emergency measure, industry insiders believe there is potential for long-term trade cooperation between the two countries.

      U.S. turns to Brazil for egg imports amid worsening supply shortage

      U.S. turns to Brazil for egg imports amid worsening supply shortage

      Recommended Articles
      Hot · Posts