Crude Oil Daily Output of ZPEC Wenbei Oilfield Sets New Record

2021-06-30

 



On June 28, 2021, good news came from the ZPEC Wenbei Oilfield as the total daily output of crude oil exceeded 400 tons for the first time. Presenting a generous gift to the Chinese Communist Party’s centennial birthday was this outstanding performance in the process of integrating into the national energy strategy.

 According to the production daily report, with the number of normal production wells unchanged, the total crude oil production on that day reached 402.97 tons, an 8.86 ton increase over the previous day.  This successfully marked the entrance into the "fast lane" with a daily output of 400 tons and has laid a solid foundation for the next step to break through the 500-ton mark and achieve the  175,000-ton annual output goal.

Mr. Li Xuesong, the Deputy General Manager and Chief Geologist of ZPEC Oil & Gas Company, said that as the exploration and development of Wenbei Oilfield proceeded in an orderly manner, the company has made a five-year plan based on the local overall deployment of establishing a strategic highland in the west five counties of Aksu in Wensu County. It plans to invest more than 2 billion RMB to complete the deployment of 510 square kilometers of 3D seismic and 390 well deployment, further expand exploration and development results, increase oil and gas production. while achieving a substantial increase in self-benefits.  This also helps local economic development through increasing taxes, expanding employment, and establishing industrial clusters, etc, which provides the cumulative experience for private enterprises to participate deeply in the reform of the national oil and gas system.


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