Sinopec's southwest unit ramps up gas output
Sinopec’s southwest branch has produced 5.14bn m3 of natural gas during the January 1-August 30 period, up 23% year/year, the Chinese state-run company said on August 31.
The shale gas output during the period was 928mn m3, up 190% yr/yr. Sinopec had completed the first phase of the Weirong shale gas field in 2019. The field has a production capacity of 1bn m3/year in the first phase which will rise to 3bn m3/yr when the second phase comes online.
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Sinopec Southwest Oil & Gas Co., based in Chengdu, in the Sichuan province, is engaged in oil and gas exploration, marketing and other related businesses in southwest China. Its main areas of exploration and production are the provinces of Sichuan, Chongqing, Yunnan, Guizhou and Guangxi.