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Home > News > Market Flash > Shunbei Block of Northwest Oilfield has a production capacity of over 1 million

Shunbei Block of Northwest Oilfield has a production capacity of over 1 million

ECHEMI 2019-10-12

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On September 1, the Shunbei block of Northwest Oilfield produced 2,200 tons of crude oil and 850,000 square meters of natural gas, with an oil and gas equivalent of more than 3,000 tons, indicating that the annual oil and gas production capacity of Shunbei Oil and Gas Field exceeded one million tons.

This year is the key year for Shunbei Oil and Gas Field to push forward the construction of production capacity of one million tons. At the beginning of this year, 23 new wells were deployed in Shunbei Oil and Gas Field, and 15 wells have been drilled, with an additional production capacity of 300,000 tons. In order to effectively promote the development of Shunbei Oil and Gas Field, in April this year, the Northwest Oilfield established the Fourth Oil Production Plant on the basis of the former Shunbei Oil and Gas Administration Department. They are benefit-oriented, make use of resources from all sides to improve total factor productivity, establish a new trinity model of oil production plants, contractors and professional teams, build a two-level management structure of oil production plants with equal responsibilities and rights plus reservoir management areas, strengthen the support of professional teams and achieve high-quality decision-making, and implement regional project operation. To achieve efficient operation and strive to build an upgraded version of the oil company model.

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