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Breakthroughs and Challenges in the Development of Deep and Ultra-Deep Oil and Gas Resources

China possesses abundant deep and ultra-deep oil and gas resources, accounting for approximately 34% of the nation's total reserves.The successful drilling of the Tarim Basin's Tanke-1 well to a depth exceeding 10,000 meters marks a significant advancement in ultra-deep exploration.

2025.07

An annual investment of $500 billion in oil and gas is sufficient to meet global peak demand

According to Wood Mackenzie, annual oil and gas investment does not need to increase significantly from the current $500 billion level to meet the peak demand of the 2030's. The energy consulting company stated in a research report that the expenditure level is not much higher than the current operating rate and can provide the supply required to meet demand until the peak or above. This is due to the development of low-cost oil resources, higher capital discipline, and significant improvement in investment efficiency.

2023.07

Fervo has made important progress in the field of Geothermal energy by using oil drilling technology

According to the report on July 19 in the drilling zone, Fervo Energy, a geothermal start-up based in Houston, said at a press conference on Tuesday that it had successfully completed a well test to confirm the commercial feasibility of Geothermal energy development using oil and gas drilling technology.

2023.07

Fill the domestic technological gap! Installation of China's largest dynamic positioning floating platform completed

On May 13th, in the eastern waters of the South China Sea, the installation of the upper module and jacket of the Enping 20-4 drilling and production platform weighing over 15000 tons was completed, setting a new record for the installation weight of dynamic positioning floats on domestic offshore oil and gas platforms, filling the gap in China's independent design and installation technology for dynamic positioning floats, which is of great significance for ensuring national security and building a maritime power.

2023.05

Zhongman Equipment: Seize the "Smart" High Point and Compete for a New Track

On October 27, with the completion of the general assembly of a 25 meter high offline drill pipe clip in the Chengdu base, the 5000 meter offline drilling rig, a new generation of intelligent drilling equipment independently developed by Sino Mannan Equipment, entered the final production and general assembly stage. Its successful development, production and general assembly indicate that Sino Mannan Equipment has taken a solid step on the road to product automation, intelligence and Digital transformation.

2022.11

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