Shenye 1 was drilled to a TD of 4,980m MD with a 1,800m horizontal section and was suspended for further evaluation in late December 2019. The shale oil exploration well was spudded in June 2019 to drill to a PTD of 4,900m and was targeting the Fourth Member of the Shahejie Formation with the objective of exploring the shale oil potential of the Damintu Depression, Bohai Gulf Basin. Shenye 1 is in the PetroChina operated Jinganbao Oil Field Block in the Bohai Gulf Basin. 
Shenye 1 was drilled to a TD of 4,980m MD with a 1,800m horizontal section and was suspended for further evaluation in late December 2019.