Energy giant Sinopec says new oil and gas deposits found in China’s western Xinjiang region

South China Morning Post published this video item, entitled “Energy giant Sinopec says new oil and gas deposits found in China’s western Xinjiang region” – below is their description.

Two new gas and oil deposits have been found in the Xinjiang Uygur autonomous region in western China, according to China Petroleum & Chemical (Sinopec). The oil giant said in a January 25, 2022, statement that the deposits will yield daily outputs of 874 barrels of crude oil and 1.093 million cubic metres of natural gas. Sinopec says new wells tapped ultra-deep fault zones discovered in 2016, which are at high pressure and temperature, making them among the world’s most difficult to explore. Sinopec said that in line with China’s ambition to achieve carbon neutrality by about 2060, the company has also started building the world’s largest green hydrogen plant. Entirely powered by solar energy, the facility in Kuqa in western Xinjiang is expected to start production in June 2023, and will be the world’s largest such facility producing about 23,900 cubic metres of hydrogen per year.

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The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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