27.03.2025 10:09
The Chinese oil company Sinopec has discovered over 140 million tons of proven shale oil reserves in Jiyang, located in Shandong province. This finding is characterized as the largest shale oil field in the region.
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Sinopec, China's largest oil refining company, has discovered shale oil with proven reserves of more than 140 million tons in Shandong province in the east of the country. Approved by the Ministry of Natural Resources, this shale oil field, with proven reserves exceeding 100 million tons, is the largest deposit discovered in the shale oil demonstration area in Jiyang.
EQUIVALENT TO DISCOVERIES IN THE LAST 60 YEARS
In the Shengli Oil Field demonstration area in Shandong, estimated shale oil resources reach 10.5 billion tons, while cumulative production has exceeded 1 million tons. Sun Yongzhuang, Vice President of Sinopec and General Manager of Shengli Oil Administrative Bureau Limited Company, stated, "The estimated shale oil reserves of Shengli Oil Field are equivalent to the conventional oil and natural gas resources discovered in the field over the last 60 years."
THERE IS ALSO AN OIL FIELD IN THE XINJIANG UYGUR AUTONOMOUS REGION
The Shengli Oil Field was discovered in 1961 and began development in 1964. Shale oil generally refers to liquid hydrocarbons trapped in the pores of sedimentary rocks extracted for refining. It is typically found in fine interlayers of organic-rich rocks along with carbonate rocks, sandstones, and siltstones. In China, there are three national shale oil demonstration areas located in the Xinjiang Uygur Autonomous Region, Heilongjiang, and Shandong provinces.

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