Oil and gas production has exceeded 10 million tons in the Fuman Oilfield area, a main crude oil block located in the Tarim Oilfield in Northwest China's Xinjiang Uygur Autonomous Region, marking a breakthrough for China's ultra-deep oil and gas development amid efforts to consolidate the nation’s energy security.

Since 2022, four thousand-ton-level wells and 45 hundred-ton-level wells have been drilled within the Fuman Oilfield, with a drilling success rate of over 95 percent as the fastest developed deep oilfield in China, the country’s state-owned energy giant China National Petroleum Corporation (CNPC) said on Sunday.

The Fuman Oilfield covers an area of 17,000 square kilometers, the same size as Beijing. Total oil and gas resources from the oil field reached more than 1 billion tons in what is the deepest buried and largest ultra-deep crude oil production area in China, according to a CCTV report.
 
As the oil and gas in the Fuman Oilfield are buried in an ultra-deep layer of 7,000 to 10,000 meters on average, it requires drills to go through rock barriers to reach extractable resources. 

According to CNPC it has dilled 45 8,000-meter-level ultra-deep wells this year and is developing drilling technology for wells of 10,000 meter-level to support deep exploration.

Tarim Basin where Fuman Oilfield is located is the largest ultra-deep oil and gas production base in China, producing more than 15 million tons of oil and gas each year.

In the first nine months of this year, oil and gas production in the Tarim Oilfield reached 24.69 million tons, a net increase of 1 million tons year-on-year, hitting the highest level in the same period in history. 

According to an official blueprint, the Tarim Oilfield will strive to produce 40 million tons of oil and gas by 2025 and 50 million tons by 2035.

CNPC reported net profit of 82.391 billion yuan ($11.57 billion) in the first half of 2022, up 55.3 percent year on year.

Global Times