Sinopec â Xibei achieved oil and gas flow in an appraisal well in Shunbei field in the Tarim Basin on 7 May 2020. Shunbei 71X, drilled in Shunbei 7 fault belt, tested 2,628 b/d of oil and 882 Mcf/d of gas. The success of the well indicated 560 MMbbl of oil geological resource in the field.   In late March 2020 Sinopec achieved oil and gas flow at Shunbei 52A, drilled in Shunbei 5 discovery area, tested 2,428 b/d of oil and 2.3 MMcf/d of gas. The well has a TD of 8,137 m. The success of the well further confirmed reserves in this part of the field.   Sinopec accelerate development at Shunbei field, the company has built up a production capacity of 18,000 b/d of oil and 33 MMcf/d of gas by April 2020.   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 the discovery 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 2017 Sinopec tested oil and gas in Shunbei 5. In 2018 Sinopec achieved success in an appraisal well, Shunbei 501, which tested 2,087 b/d of oil and 1.52 MMcf/d of gas. The success of the well makes field extension southwards.   In 2018, with Shunbei 5 discovery developed, Sinopec produced 520K tons of oil from the field. The company had target to reach annual production of 1 million tons of oil in 2019 and planned to reach 2 million tons of oil (40,000 b/d) by 2023.   In 2018 Sinopec added additional 350 MMbbls of oil and 500 Bcf of gas in place in Shunbei 1 and Shunbei 5 areas in the field.   In 2019 Sinopec produced 750k tons of oil in the field and planned to reach 1.25 million tons in 2020.   By 2019 Shunbei field has been approved total 450 MMbbl of oil and 780 Bcf of gas in place reserves.
Sinopec â Xibei achieved oil and gas flow in an appraisal well in Shunbei field in the Tarim Basin on 7 May 2020. Shunbei 71X, drilled in Shunbei 7 fault belt, tested 2,628 b/d of oil and 882 Mcf/d of gas. The success of the well indicated 560 MMbbl of oil geological resource in the field.