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The Qijiang shale gas field adds new geological reserve of 145.9 billion cubic meters

BEIJING, Nov. 25, 2022 /PRNewswire/ — China Petroleum & Chemical Corporation’s (HKG: 0386, “Sinopec”) has announced that the first phase of the Qijiang shale gas field has uncovered a major discovery in Sichuan Basin with a proven geological reserve of 145.968 billion cubic meters. The discovery, delivered by Sinopec Exploration Company and Sinopec Southwest Oil & Gas Company, is a major breakthrough in Sinopec’s “Project Deep Earth – Natural Gas Base in Sichuan and Chongqing.”

The Qijiang shale gas field is the first shale gas field discovered in medium-deep and deep strata in a complex tectonic zone on the margin of the basin. Shale gas buried at the depth of over 3,500 meters is defined as deep shale, and the burial depth of Qijiang’s shale formations ranges from 1,900 to 4,500 meters, with the majority being deep shale. With complex overlying strata, the project faced great challenges such as a significantly greater depth and variable ground stress.

To tackle the question of how a shale gas reservoir was formed in the basin margin with such complex surface and underground conditions, Sinopec’s team conducted more than 10,000 lab analysis tests on the core at the depth of 1,320 meters. This revealed the development and maintenance mechanism of deep shelf shale pores and identified the deep shale can develop vast reservoirs with high porosity, and also revealed the “sweet spots” of projecting the deep shale targets.

The team collected high-precision 3D seismic data of deep shale gas covering an area of 3,662 square kilometers in the complex zone of the southeastern margin of the Sichuan Basin as well as drilling data of existing wells in southern Sichuan. After repeated discussion and screening, Sinopec has innovated a deep shale gas seismic prediction technology with pressure coefficient and gas content, fracture prediction and horizontal ground stress difference as the core – the equivalent of performing a CT scan of the strata to achieve the breakthrough in predicting the “sweet spots” of deep shale gas.

Sinopec also developed a three-dimensional fracturing technology with “precision cutting, pressurization and expansion, balanced expansion and guaranteed filling” for deep shale, which has improved the daily shale gas production of a single well to break the 300,000, 400,000 and 500,000 cubic meters marks in succession.

For more information, please visit Sinopec.

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بكين، 25 نوفمبر 2022 — / PRNewswire / تقرير إخباري بواسطة haiwainet.cn :

 كأس العالم لكرة القدم 2022 هنا – قطر تجذب الانتباه مع انطلاق أكبر حدث رياضي في العالم أخيرًا. في صبيحة يوم 18 أكتوبر 2022، تم توصيل الخرساة، وهي عبارة عن محطة طاقة شمسية بقدرة 800 ميجاوات في قطر، بشبكة الكهرباء بكامل طاقتها. وتُعَد المحطة التي تقع على بعد 80 كيلومترًا غرب العاصمة، الدوحة، بمثابة أكبر مشروع للطاقة الكهروضوئية في العالم باستخدام نظام تتبع ووحدات ثنائية الأوجه، وثالث أكبر محطة منفردة للطاقة الكهروضوئية في العالم حتى الآن.

وباعتبارها أول محطة لتوليد الطاقة بالوقود الغير أحفوري في قطر، فقد تم كتابتها في “رؤية قطر الوطنية 2030”. وتأمل قطر في استخدام هذا المشروع من أجل تعزيز تنمية الطاقة النظيفة وتحسين وعي الناس بحماية البيئة. مع قدرة مُركَّبة 800 ميجاوات، يمكن أن تُوفِّر الخرساة 10٪ من ذروة استهلاك الطاقة في قطر، كما ستؤدي إلى تجنب 26 مليون طن من انبعاثات غاز ثاني أكسيد الكربون على مدار عمرها الافتراضي، وستدعم بقوة التزام قطر باستضافة كأس عالم محايد للكربون.

وقد جذبت شهرة المشروع اهتمام العديد من وسائل الإعلام المحلية بالإضافة إلى وسائل الإعلام الدولية، وكان من ضمن هذا الاهتمام الصداقة للبيئة كشاغل رئيسي. وبصفتها المقاول الرئيسي للمشروع، تُصر شركة باورتشاينا ( PowerChina ) على استراتيجية إنشاء صديقة للبيئة. فهي لا تأتي فقط بخطط تفصيلية من أجل إعادة توطين الحيوانات والنباتات المحلية في موقع الإنشاء، بل إنها أيضًا تؤسس آلية من أجل الحفاظ على موارد الطاقة وإعادة تدويرها، مما يخلق موقعًا لإنشاء الطاقة فعالًا وصديقًا للبيئة.

وقد تَحَدث وزير الدولة القطري للطاقة سعد الكعبي في حفل إطلاق التشغيل التجريبي، قائلاً: تُعَد محطة الخرساة للطاقة الشمسية بمثابة أول محطة طاقة لا تعمل بالوقود الأحفوري في قطر. وهي تضرب بذلك مثالاً رائعًا لتنمية قطاع الطاقة الجديدة في قطر، كما أنها ساعدت قطر على الوفاء بالالتزام الهام للحكومة القطرية تجاه استضافة كأس عالم صديق للبيئة.

وكخطوة هامة لقطر في طريق التحول إلى التنمية المستدامة في قطاع الطاقة، لا تُوفِّر محطة الخرساة للطاقة الشمسية الطاقة النظيفة لكأس العالم القادم في قطر فحسب، بل إنها تفتح أيضًا بابًا مستدامًا من أجل تحول الطاقة والتنوع الاقتصادي في قطر.

HONG KONG, Nov. 25, 2022 /PRNewswire/ — On 23 Nov, 2022, Antalpha Technologies Ltd, a digital asset platform for institutional partners, held a digital asset conference in Hong Kong. This conference, which gathered over 40 industry leaders from industry giants including Animoca Brands, BC Group, Riot Blockchain, S&P Dow Jones Indices and more, was held to explore the opportunities in digital assets investment amid the inflationary environment.

The digital asset market has been going through ups and downs in 2022, despite the recent turbulence in the market, many countries are still turning positive towards institutionalised digital assets, and Hong Kong has pledged to position itself as the digital asset hub. “The digital asset market is still in its infancy and we see huge potential in its development. The current slumping market may be the golden opportunity for investors to tap into the potential growth,” said Max Liao, Managing Director of Business Development from AntAlpha during his speech.

“The recent chaos in the digital asset market does remind us that we still have a long way to go until digital assets could become mainstream. However, looking back to the time when we are first introduced to the internet, the bubble burst soon after it booms, but you can see how dependant we are on the internet nowadays.” Jake Chan, Managing Partner from alternative investment platform Altive shared his view on the topic. Another speaker of the event, Sharon Liebowitz, Head of Innovation at S&P Dow Jones Indices said,”Digital assets are an emerging asset class with over US$1 trillion market capitalization, according to Lukka as of November 4, 2022. As market interest continues to grow, S&P Dow Jones Indices aims to bring greater transparency to this rapidly evolving market segment and provide market participants with multiple perspectives through our index solutions.”

A panel discussion with Josh Du from Animoca Brands, Dave Chapman from BC Group, Jason Chung from Riot Blockchain, Max Liao from Antalpha and Jake Chan from Altive, went further in discussing the trust and credibility issue and the opportunities amid the recent turbulence in the digital asset market.

“I believe the recent market turbulence will be short lived. FTX was a specific failure due to the lack of corporate governance, and not related at all to the technology of blockchain or the digital asset ecosystem. I’m very confident the industry will rebound given the increased technological adoption as well as improved regulation going forward.” Josh Du, Head of Digital Assets Portfolio from Animoca Brands shared at the panel.

“The FTX collapse crushed investor’s trust, however, I believe many participants will now start to recognize the regulatory space of digital assets. With regulatory support and the right incentive in place, I’m confident the market will return bullish with many opportunities that will emerge sooner than most appreciate.” Dave Chapman, Executive Director of BC Group shared.

“Although the digital asset mining market is cyclical, the long-term potential as a leveraged way to invest into digital assets remains strong. Our key focus in the meantime has been managing our balance sheet to ensure that we have enough liquidity to continue to grow during bear markets, in order to be well positioned to benefit when the cycle turns back in favor.” said Jason Chung, Head of Corporate Development and Strategy, Riot Blockchain.

About Antalpha Technologies Ltd:

AntAlpha Technologies Ltd is the financial services affiliate of Bitmain Technologies, one of the world’s leading providers of blockchain infrastructure. Antalpha is a key player in enabling institutional investors from both traditional finance and the blockchain space in the transition towards the global adoption of the emerging megatrend of digital assets.

Antalpha Official website: http://www.antalpha.com