Jianghan Oilfield’s over 100 million tons of oil in the province accounted for 30% of the company’s total

On September 7, the Jianghan branch of Sinopec revealed that Jianghan Oilfield had heard good news from Shandong Bamianhe oil region. As of now, the proven total oil and gas reserves of Baumian River have reached nearly 40 million tons. So far, the proven oil geology reserves of the oilfields in other provinces have reached 110 million tons, accounting for 30% of the company's total amount of proven total.
In recent years, Jianghan Oilfield has implemented the “going out” strategy of resource expansion, capital expansion, and market expansion. At present, in addition to Jianghan Plain, three new exploration and development areas have been formed: the Bamianhe area in Shandong, the Pingbei area in northern Shaanxi, and the Qiandong natural gas exploration and development area in western Hubei. This year, the Jianghan Oilfield has increased its exploration efforts in the new region. From January to August, only the newly discovered proven oil-bearing area of ​​4.5 million square kilometers in the Bamianhe Oilfield, and the proven oil geological reserves of 7.21 million tons have been completed. 120%.

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