China looks west to solve energy riddle
Xinjiang has potentially huge untapped reserves, but exploration in the desert province presents complex geological and political challenges
Chinese NOCs are forging ahead with challenging ultra-deep drilling and shale projects in Xinjiang Uyghur Autonomous Region, underlining the far western province's potential importance to the country's drive to meet ambitious energy security plans. PetroChina, one of China's ‘big three' NOCs, completed Luntan 1, Asia's deepest well at 8,882m, in the Tarim basin at the end of July, saying it had taken a year to drill due to complex geology and difficult ultra-high-temperature and ultra-high-pressure conditions. It was the latest completed of 27 ultra-deep wells drilled at the Shunbei field. Xinjiang momentum is building. Despite the region's severe weather and remote desert conditions, major
Also in this section
6 December 2024
The NOCs are both looking to take advantage of the petrochemicals boom, with the Saudi firm snapping up stakes in Asian JVs tied to offtake agreements and its Emirati counterpart striking big M&A deals
5 December 2024
While Donald Trump’s future sanctions policy is anything but certain, he may use a ‘carrot and stick’ approach to pursue an end to the war in Ukraine, although any changes will not happen overnight
5 December 2024
The latest sanctions on Gazprombank and other Russian banks may cause disruption, but willing buyers of Russian energy will find ways to continue payments
5 December 2024
The new edition of Outlook, our annual publication about the year ahead for energy, produced in association with White & Case, is available now