Major Strategic Breakthrough of Sinopec’s Shale Oil Exploration: Three Prospecting Wells in Subei Basin Record High Oil Flow with 350 Million Tons of Estimated Reserves
BEIJING, Dec. 16, 2021 /PRNewswire/ — China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec”) has reported another strategic breakthrough of shale oil exploration. This time, its subsidiary Sinopec East China Petroleum Bureau has recorded high-yield shale oil flow in three prospecting wells in Subei Basin. Among which, the Qinye 1HF well has tested daily oil […]