Sinopec starts the construction of the latest 10 million-ton oil and gas fields, and a new round of fighting for three barrels of oil has begun!
Not long ago, Jiao Fangzheng ,who is the vice president of Sinopec Group Company ,presented at the promoting production of natural gas meeting which was held in Hangjin Banner, Ordos City of Inner Mongolia . At the meeting, Sinopec demanded to implement natural gas development strategy which was put forward by the "13th Five-Year Plan" and accelerate the exploration and development of natural gas in the Ordos Basin. It is reported that natural gas exploration and development in the Ordos Basin is the latest oil and gas project started by Sinopec. Regarding the construction of Sinopec's new oil and gas field project, the industry insiders generally believe that "Sinopec's development in Erdos is not only the start of a project but also represents the beginning of the battle for the Chinese oil companies in the field of natural gas."
As we all know, the distribution of three barrels of oil in the upstream block was staggered, but each other is quite clear. For a long time, three barrels of oil formed a tacit understanding between each other, which can be called: "a gentleman's covenant." However, as the natural gas pattern gradually clarified, the "agreement" between the three appeared a rift. The general production of Sinopec Erdos completely knocks down this kind of "tacit agreement" . Sinopec's newly opened 10 million-ton oil and gas field is not elsewhere, but in the Ordos Basin. Sinopec in the Ordos Basin only has more than 40,000 square kilometers of mineral rights area, but the reserves of natural gas is very alarming. In this small area, Sinopec set up two large gas fields, the Daniudi gas field and the Dongsheng gas field in the northern Ordos Basin.
It is worth noting that most of the oil and gas production areas of Changqing Oilfield, where the "food supply" major of PetroChina's internal oilfield is located. Obviously, this is equivalent to Sinopec set up a drilling rig at the gate of Changqing Oilfield. This broke the original "gentlemen's agreement." With Sinopec vigorously developing the Ordos Basin and the fiery natural gas, three barrels of oil are about to start a new round of game in the field of natural gas.