Hutan 1 is presumably completed in June 2020 without result reported.   PetroChina â Xinjiang spudded a deep NEW in the Junggar Basin. Hutan 1, located in the eastern part of the south basin margin, was spudded in 14 May 2019 with a PTD of 7,280 m and has target on deep play in the Cretaceous.   The south margin of the Junggar Basin, geologically, has developed a 400 km long thrusting structure belt. A few small oil and gas fields have been found, such as Dushanzi, Mahe and Hutubi fields, with reservoir in the shallow Tertiary and Cretaceous.   In January 2019, PetroChina made a significant discovery in the western part of south margin. Gaotan 1 tested 7,630 b/d of oil and 11 MMcf/d of gas in the Lower Cretaceous Qingshuihe Formation.   PetroChina has identified 21 prospects with the deep play target on the basin south margin thrust belt and it indicated great exploration potential in this area. Hutan 1 is the second well for the deep play after Gaotan 1.   The Junggar Basin is one of the key exploration and production base for PetroChina. The company has approved more than 25 oil and gas fields by 2018 with total of 22 bn bbls of oil and 6 Tcf of gas in place reserves. In 2018 PetroChina produced 11.47 million tons of oil (229,000 b/d) and 2.9 Bcm of gas (290 MMcf/d). The company plans to increase oil production to 260,000 b/d by 2020.
China (Junggar B.) Hutan (Ju) 1 op. by PETROCHINA (100%) in Southern Margin East I block, Hutan 1 is presumably completed in June 2020 without result reported. PetroChina 