In a groundbreaking achievement for China’s energy sector, the Tarim Oilfield has surpassed the 20 million tonne mark in oil and gas equivalent production in 2024, reaching an impressive 20.47 million tonnes. This milestone was announced on Sunday by the China National Petroleum Corporation (CNPC).
Located in the vast Tarim Basin in northwest China’s Xinjiang Uygur Autonomous Region, the Tarim Oilfield stands as the country’s largest ultra-deep oil and gas production base. The region is renowned for its abundant ultra-deep resources, lying beneath the challenging depths of over 6,000 meters.
The year 2024 witnessed a significant push in ultra-deep drilling activities, with more than 50 wells exceeding depths of 8,000 meters being drilled. This monumental effort not only highlights China’s advancing technological capabilities in energy exploration but also underscores the nation’s commitment to harnessing its rich natural resources.
Ultra-deep oil and gas extraction presents numerous technical and environmental challenges. Overcoming these has required innovative drilling technologies and methods developed by Chinese engineers and scientists. The success of the Tarim Oilfield is a testament to these advancements and represents a leap forward in ultra-deep resource development.
This achievement is expected to have a substantial impact on China’s energy supply, contributing to economic growth and energy security. It also positions the Tarim Oilfield as a leading example in the global oil and gas industry for ultra-deep exploration and production.
The Tarim Basin’s development is of significant interest to business professionals, investors, and market analysts who are monitoring China’s expanding capabilities in energy production. Scholars and researchers may find the technological advancements and geological studies associated with this project valuable for further academic exploration.
Reference(s):
cgtn.com
