Sinopec â Xibei achieved oil and gas flow in an appraisal well in Shunbei field in the Tarim Basin. Shunbei 501, drilled in Shunbei 5 discovery area, 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.   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.   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 4,000 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 Sinopec has built Shunbei field with annual production capacity of 500K tons of oil in the Tarim Basin. The field has produced 250K tons of oil in the first half of 2018, daily output reaching 10,650 b/d.Â  The company plan to reach annual production of 2 million tons of oil (40,000 b/d) and 3 Bcm (300 MMcf/d) of gas by 2023.
Sinopec â Xibei achieved oil and gas flow in an appraisal well in Shunbei field in the Tarim Basin. Shunbei 501, drilled in Shunbei 5 discovery area, tested 2,087 b/d of oil and 1.52 MMcf/d of gas. The success of the well makes field extension southwards. 