Sinopec's Yuanba Gas Field Hits Production Milestone
Sinopec-operated Yuanba gas field has achieved an operational milestone with cumulative production crossing 10bn m3, Sinopec said June 27.
The field, located in southwestern China's Sichuan province, has produced 10.07bn m3 of natural gas since start of commercial production in late-2014. The construction of the Yuanba gas field started in August 2011. At present, the field produces 11mn m3/d of gas, which is equivalent to gas demand of 11mn households, Sinopec said.
Yuanba gas field is China’s first ultra-deep reef high-sulfur gas field with proven gas reserves of 220bn m3. According to Sinopec, Yuanba gas field is one of the important resource bases for the gasification of the Yangtze river economic belt, which stretches from Sichuan province to Shanghai. It covers a number of fast-growing cities like Chengdu, Chongqing, Nanchang and Nanjing.
China’s gas consumption has been rising rapidly since last year. State-owned explorers have ramped up production to meet the growing demand. From January to April, natural gas production was 53.1bn m3, a year on year increase of 4.9%. China’s natural gas production during May was 12.62bn m3, up 6% year on year. Last year, gas output in China rose to a record 147.4bn m3, up 8.5% from 2016, according to China’s top planning body.