Sinopec â Xibei achieved oil and gas flow in an appraisal well in Shunbei field in the Tarim Basin. Shunbei 53X, drilled in Shunbei 5 discovery area, tested 780 b/d of oil and 2.6 MMcf/d of gas. The success of the well makes field extension southwards.   In 2017 Sinopec tested oil and gas in Shunbei 5. This exploration well is located in the west of Shunbei 1 discovery, and was spudded in 2016 with a PTD of 7,546 m. Sinopec has a target to build 10,000 b/d of oil production capacity in Shunbei 5 area.   In 2018 Sinopec achieved oil and gas flow in an appraisal well drilled in Shunbei 5 discovery area, Shunbei 501 tested 2,087 b/d of oil and 1.52 MMcf/d of gas. The success of the well makes field extension southwards. The well has a TD of 8,160 m.   Background Information  In 2015 Sinopec made discovery of Shunbei in the Shutuoguole North block when Shunbei 1 tested 45.4 Mscfg/d from an interval between 7,269 and 7,407 m in the Ordovician. Following Sinopec made success in Shunbei 1-1H. The well tested 887 b/d of oil and 911 Mcf/d of gas through a 4 mm choke in the Ordovician.   Sinopec reported in 2016 that Shunbei field, a large commercial field, has been confirmed. Sinopec started development of Shunbei 1 in early 2016 and planned to build Shunbei block with production capacity of 30,000 b/d of oil by 2020.   During 2016 Sinopec has put seven producers on stream, with production capacity of 3,700 b/d of oil.   In November 2017, Sinopec set a revised field development plan on Shunbei 1 area of the Shunbei field to build up a 20,000 b/d of oil and 26 MMcf/d of gas production capacity by 2020. In 2017 Sinopec produced at a rate of 6,000 b/d of oil.  By end 2017 Shunbei field has been approved nearly 100 MMbbl of oil and 260 Bcf of gas in place reserves.   In 2018, with Shunbei 5 discovery developed, Sinopec produced 520K tons of oil from the field.Â  The company has target to reach annual production of 1 million tons of oil in 2019 and plan to reach 2 million tons of oil (40,000 b/d) by 2023.
Tests: Shunbei 53X appr Deep well in southwards extn of Shunbei 5 discovery area, Tarim Basin, tested 780 bo/d + 2.6 MMcfg/d