On October 16, according to Sinopec, Sinopec has now implemented three strategic shale oil storage positions in Jiyang, Sichuan, and northern Jiangsu, with shale oil resources of 17 billion tons. Among them, Shengli Jiyang has 10.5 billion tons of shale oil resources, which is comparable to the amount of conventional petroleum resources that have been discovered in Shengli Oilfield for more than 60 years. According to reports, the Shengli Jiyang Shale Oil National Demonstration Zone has now implemented shale oil control forecasted reserves of 1.73 billion tons, with 36 shale oil wells producing more than 100 tons of oil per day at peak; Fengping 1-1 HF wells produce 262.8 tons of oil per day, setting a new record for the highest daily output of a single domestic shale oil well; daily shale oil production has risen from 100 tons in 2021 to 1,600 tons at present, with cumulative oil production exceeding 800,000 tons.

On October 16, according to Sinopec, Sinopec has now implemented three strategic shale oil storage positions in Jiyang, Sichuan, and northern Jiangsu, with shale oil resources of 17 billion tons. Among them, Shengli Jiyang has 10.5 billion tons of shale oil resources, which is comparable to the amount of conventional petroleum resources that have been discovered in Shengli Oilfield for more than 60 years. According to reports, the Shengli Jiyang Shale Oil National Demonstration Zone has now implemented shale oil control forecasted reserves of 1.73 billion tons, with 36 shale oil wells producing more than 100 tons of oil per day at peak; Fengping 1-1 HF wells produce 262.8 tons of oil per day, setting a new record for the highest daily output of a single domestic shale oil well; daily shale oil production has risen from 100 tons in 2021 to 1,600 tons at present, with cumulative oil production exceeding 800,000 tons.