Tarim Basin

【Press Release】PetroChina Achieved Another Record Annual Results

Retrieved on: 
Mercredi, avril 10, 2024
EV, Natural gas, Growth, RMB, Ordos, Tarim Basin, Gasoline, PetroChina, Coal, PX, Marketing, Kerosene

Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.

Key Points: 
  • Despite the realized oil price dropped by 16.8% year-on-year, the Company’s operating results continued to grow, and achieved record annual results for two consecutive years, underpinned by strengthened resilience of its industrial chain against the changes of macro-factors such as the oil price.
  • The debt-to-asset ratio was 40.8%, dropped by 1.7 percentage points from the end of last year, the lowest level in 13 years.
  • The annual dividend for the year was RMB 0.44 per share (tax inclusive), representing a dividend payout ratio of 50% with annual dividend payment of approximately RMB 80.53 billion.
  • Achieving another record oil and natural gas equivalent output with more solid foundation for future development.

Sinopec Starts the Drilling of Asia's Deepest Oil and Gas Well in Tarim Basin

Retrieved on: 
Jeudi, mai 4, 2023
Well, Xayar County, Hydrogen sulfide, Pressure, Taklamakan Desert, Sinopec, HKG, The WELL, Tarim Basin, Natural gas

With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.

Key Points: 
  • With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.
  • The extensively difficult and challenging drilling operation is also setting a new Asian record for horizontal displacement in ultra-deep drilling.
  • Through its self-developed rotary geo-steerable drilling system and the high-temperature and high-pressure logging equipment, Sinopec has achieved leapfrog development of fast drilling in high precision.
  • As of now, the Shunbei oil and gas field of the Shendi-1 Project has 49 oil and gas wells that are deeper than 8,000 meters, and multiple wells have set new Asian records.

Sinopec Starts the Drilling of Asia's Deepest Oil and Gas Well in Tarim Basin

Retrieved on: 
Jeudi, mai 4, 2023
Well, Pressure, Taklamakan Desert, The WELL, Xayar County, Hydrogen sulfide, Multimedia, Sinopec, HKG, Tarim Basin, Natural gas

With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.

Key Points: 
  • With a design  depth of 9,472 meters, it will be the deepest oil and gas well in Asia and a breakthrough of milestone significance in China's ultra-deep oil and gas exploration, which now has world-leading technological and equipment capabilities.
  • The extensively difficult and challenging drilling operation is also setting a new Asian record for horizontal displacement in ultra-deep drilling.
  • Sinopec Northwest China Petroleum Bureau has innovatively adopted ultra-deep and large displacement technology that accesses the rich oil and gas resources without damaging the wetland natural reserve.
  • Through its self-developed rotary geo-steerable drilling system and the high-temperature and high-pressure logging equipment, Sinopec has achieved leapfrog development of fast drilling in high precision.

China Today Documents the Maintenance of the Green Corridor in the Taklamakan Desert

Retrieved on: 
Mardi, janvier 5, 2021
Sites along the Silk Road, Geography of China, Geography of Asia, Deserts of China, Geography of Xinjiang, Tarim Basin, Places, Tarim Desert Highway, Taklamakan Desert, Xinjiang, Tarim Basin, Tarim oil fields

BEIJING, Jan. 5, 2021 /PRNewswire/ -- The Taklamakan Desert in Xinjiang Uygur Autonomous Region is the largest desert in China.

Key Points: 
  • BEIJING, Jan. 5, 2021 /PRNewswire/ -- The Taklamakan Desert in Xinjiang Uygur Autonomous Region is the largest desert in China.
  • Stretching across the center of this vast desert runs the Tarim Desert Highway.
  • It was the first desert Highway to be completed in China and is the longest classified highway to pass through a flowing desert in the world.
  • And to maintain the green corridor in the desert, well houses have been placed at regular intervals along the highway, and maintenance staff are assigned to work there.

China Today Documents the Maintenance of the Green Corridor in the Taklamakan Desert

Retrieved on: 
Mardi, janvier 5, 2021
Sites along the Silk Road, Geography of China, Geography of Asia, Deserts of China, Geography of Xinjiang, Tarim Basin, Places, Tarim Desert Highway, Taklamakan Desert, Xinjiang, Tarim Basin, Tarim oil fields

BEIJING, Jan. 5, 2021 /PRNewswire/ -- The Taklamakan Desert in Xinjiang Uygur Autonomous Region is the largest desert in China.

Key Points: 
  • BEIJING, Jan. 5, 2021 /PRNewswire/ -- The Taklamakan Desert in Xinjiang Uygur Autonomous Region is the largest desert in China.
  • Stretching across the center of this vast desert runs the Tarim Desert Highway.
  • It was the first desert Highway to be completed in China and is the longest classified highway to pass through a flowing desert in the world.
  • And to maintain the green corridor in the desert, well houses have been placed at regular intervals along the highway, and maintenance staff are assigned to work there.

Dream Chasing 20 years, Anton Oilfield Services Group to Embark on a Road Ahead

Retrieved on: 
Mercredi, janvier 22, 2020
Energy, Other Energy, Oil, Gas, Biota of China, Sites along the Silk Road, Tarim Basin, Geography of Asia, Continents, Asia

Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.

Key Points: 
  • Anton Oilfield Services Group, an international integrated oilfield service company, had an anniversary gala with about 500 guests in Beijing on January 19th, 2020 to celebrate their 20 years of achievement.
  • View the full release here: https://www.businesswire.com/news/home/20200121006170/en/
    Anton Oilfield Services Group 20th Anniversary Celebration (Photo: Business Wire)
    Anton Oilfield Services Group was established in Tarim Basin, China in 1999.
  • In 2018, with its competitive advantage, Anton won the Integrated Field Management Services Project of Majinoon, the third biggest oilfield in Iraq, over international competitors.
  • Anton has grown to a Chinese leading oilfield service company with international characteristics from a start-up company.