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Country summary: China

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China - recent news

15 Apr 24
China: Sinopec completes drilling of China's deepest geothermal exploration well of 5,200 meters
Sinopec has successfully completed the drilling of China's deepest geothermal exploration well, the Fushen-1 well in Hainan with a well depth of 5,200 meters.
26 Mar 24
China: TotalEnergies and SINOPEC join forces to produce sustainable jet fuel at a SINOPEC's refinery
TotalEnergies and China Petroleum and Chemical Corporation ('SINOPEC') have signed a Heads of Agreement (HoA) to jointly develop a Sustainable Aviation Fuel (SAF) production unit at a SINOPEC's refinery in China. The planned unit, jointly owned by SINOPEC and TotalEnergies, will have the capacity to produce 230,000 tons of SAF per year, and will process local waste or residues from the circular economy (cooking oils and animal fats).
25 Mar 24
China: Sinopec's West Sichuan gas field enters operation
Sinopec has announced that the West Sichuan gas field, Sinopec's third 100-billion-cubic-meter submarine natural gas field in the Sichuan basin, has been completed, marking another major milestone for its Project Deep Earth – Sichuan and Chongqing Natural Gas Base.
18 Mar 24
China: CNOOC Ltd announces hundred million ton oil field discovery Qinhuangdao 27-3 in the Bohai Sea
CNOOC Limited has made a major oilfield discovery of Qinhuangdao 27-3 in the Bohai Sea, which adds over a hundred million tons of oil equivalent proved in-place volume. Qinhuangdao 27-3 Oilfield is located in the north-central waters of the Bohai Sea, with an average water depth of approx. 25 meters.
08 Mar 24
China: CNOOC Ltd announces 100 million ton oil field discovery in South China Sea
CNOOC Limited has made a major oilfield discovery at Kaiping South in the South China Sea, which adds over a hundred million tons of oil equivalent proved in-place volume.

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