The cumulative output of shale oil from Changqing Oilfield, China's largest shale oil production base, has hit a milestone of over 20 million tons, indicating that China's shale oil exploration has entered a new stage focusing on scale production and efficiency orientation, said the China National Petroleum Corporation (CNPC) on Sunday.
Shale oil refers to unconventional petroleum resources produced in shale formations. It is an important replacement for long-term stable crude oil production, but faces extreme difficulty in extraction.
The Ordos Basin, where Changqing Oilfield is located, has proven shale oil reserves exceeding 1 billion tons. Since the beginning of this year, the oilfield has accelerated shale oil production, adding 144 horizontal wells and achieving a daily output of over 10,000 tons, setting a new historical record. "We are going to explore and extract shale oil with greater effort. And we estimate that by the end of this year, the Changqing Oilfeld will produce over 3.5 million tons of shale oil, and we plan to increase this annual output to 4.5 million tons by 2030. This is just one more guarantee to ensure our country's energy security," said Liu Yicang, deputy manager of the oilfield development division of Changqing Oilfield. It took only three years for the total shale oil production to climb from 10 million tons to 20 million tons at Changqing Oilfield. Currently, the shale oil production at Changqing Oilfield accounts for more than half of China's total.
Shale oil output of China's largest oil-and-gas field exceeds 20 mln tons
Anthony Greene, President of the Caribbean Broadcasting Union has extended warm greetings to the vast audience of China Media Group (CMG) for the upcoming Spring Festival and the Year of the Horse.
Greene highlighted the "values of courage, independence, momentum and bold moves" embodied by the horse in Chinese culture, expressing a strong commitment to continued collaboration with Chinese partners to navigate a dynamic global media landscape.
The Spring Festival, also known as the Chinese New Year, falls on Feb 17 this year. It is one of the most important holidays in China, celebrated with family reunions and wishes for good luck in the coming year.
The full text of his message is as follows:
I extend warm greetings as President and Chair of the Board of Directors of the Caribbean Broadcasting Union, the CBU. It is truly an honor and pleasure to have this opportunity to participate in marking one of the most significant annual events.
As the head of the Caribbean's media sector body, I particularly appreciate the partnership with China Media Group and CCTV Video News Agency, which allows me to share this message with one of the largest audiences in the world.
The impending Year of the Horse celebrates the values of courage, independence, momentum and bold moves. These are also important values for the CBU family.
The media sector today has to manage in a dynamic environment, not only navigating technological but also environmental and social changes.
Through collaboration with partners in the Global South and particularly in capacity building, we are better able to achieve common goals boldly, with courage and demonstrating independence.
It is therefore an opportune time to commit to continued collaboration with our colleagues at China Media Group and CCTV Video News Agency, and to extend best wishes for a successful year ahead.
Thank you and Happy New Year！
CBU President extends warm greetings ahead of Spring Festival
