Resource potential in Junggar Basin and SINOPEC's integrated exploration strategy for conventional and unconventional petroleum

Abstract

The Junggar Basin is rich in oil and gas resources, with huge exploration potential, which is one of the main arenas of increasing oil and gas reserve and producing in China. In recent years, CNPC has made major breakthroughs in exploration in the Junggar Basin, revealing the orderly symbionic distribution pattern of conventional and conventional oil and gas. In order to further learn from the oil and gas achievements and exploration and development experience in neighboring areas and the new geological theories, for formulating SINOPEC's oil and gas exploration strategy in the Junggar Basin, the potential and distribution characteristics of the oil and gas resources in the Junggar Basin are systematically analyzed in this paper and it is pointed out that no enough attention is paid to natural gas and unconventional petroleum. The key breakthrough direction and exploration strategy of SINOPEC in the Junggar Basin are put forward in the paper after reviewing the major exploration breakthroughs in multiple fields, multiple strata, and multiple types in recent years and combining with the oil and gas geolo-gical conditions and exploration practice of SINOPEC's mining rights area. The research reveals that the Junggar Basin has entered a new period of exploration dominated by the middle and lower assemblage, and the exploration ideas must be adjusted accordingly. We must insist on the transformation from early outside-source exploration to intra-source and near-source exploration, and from early conventional petroleum exploration to both conventional and unconventional petroleum exploration. In order to make big exploration breakthrough of SINOPEC and realize the target of increasing reserves and production in the near and medium term in the Junggar Basin as soon as possible, four exploration strategies are proposed in the paper, including further figuring out the resources, establishing an integrated research team of conventional and unconventional petroleum, strengthening the joint research of geological and engineering integration, and increasing the support of risk exploration.

Keywords

• resource potential
• lower assemblage
• exploration progress
• integration of conventional and unconventional petroleum
• exploration strategy
• junggar basin