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  1. #1
    Thailand Expat
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    Chinese drillers announce two MASSIVE oil & gas discoveries in Northwest China

    Chinese drillers announce two MASSIVE oil & gas discoveries in Northwest China

    20 Jun, 2021 13:12

    "China has discovered a pair of new deposits containing roughly two billion tons of shale oil and gas, according to the state-controlled energy giant China National Petroleum Corporation (CNPC).
    One of the wells was discovered in the Fuman oilfield – a major region for crude oil production in
    the Tarim Basin, in northwest China’s Xinjiang Uighur Autonomous Region. It reportedly contains a billion tons of super-deep oil and gas.


    With a drilling depth of nearly 27,900 feet (8,500 meters) and a test oil column reaching 1,640 feet (550 meters), the reservoir set new records for the basin’s deepest oil production and highest oil column, and marks the largest discovery of oil in the area in a decade. It is expected to produce four million tons of oil and 49.4 billion cubic feet (1.4 billion cubic meters) of natural gas annually before 2025.


    The oilfield is one of the world’s most difficult areas to drill, as most of the reserves are around 26,000 feet (8,000 meters) below the surface of the Earth. After it was discovered in 2015, annual output in the area grew from some 30,000 tons to 1.52 million tons in 2020, with an estimated production of about two million tons since the beginning of 2021.


    Another deposit, in the Ordos Basin, also in the northwest, reportedly contains an estimated billion tons of shale oil, according to CNPC making it the biggest shale oil field in the country.


    Discovered by Changqing Oilfield Co, a CNPC subsidiary, it is one of several major discoveries in the past three years. Two years ago, the firm discovered 359 million tons of shale oil in the Qingcheng region, in the northwestern Gansu Province.


    Changqing has managed to significantly extend the range of its exploration over the past few years and its latest billion-ton discovery will be an important milestone in China’s oil-gas exploration history."


    Chinese drillers announce two MASSIVE oil & gas discoveries in Northwest China — RT Business News

    It's deep but economical viable to extract, apparently. Unlike some other unexceptional countries

    Some still believe that it's all about the "Uighur's human rights".

    A tray full of GOLD is not worth a moment in time.

  2. #2
    Thailand Expat misskit's Avatar
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    Quote Originally Posted by OhOh View Post
    Some still believe that it's all about the "Uighur's human rights".
    More like stealing Uighur lands to extract a profit. The Uighur who don't play along get locked up so, you know, human rights and stuff.

  3. #3
    Thailand Expat
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    ^

    Chinese drillers announce two MASSIVE oil & gas discoveries in Northwest China-54377a2a534fd80c2e0f6a7067007217-16_9-jpg


    Keep on sipping.

    Last edited by OhOh; 21-06-2021 at 09:56 PM.

  4. #4
    fully fledged Mutt-packer TheRealKW's Avatar
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    One of you is sipping the cool air, and it’s not MsKit

  5. #5
    Praise Jesus
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    Quote Originally Posted by OhOh View Post
    (8,500 meters)
    Quiet impressive.

    The deepest hole ever drilled is just over 12,000.

    Temp is 190c down there.


    Hopefully this windfall is really good for the regional economy. Lot's of new mosques, and Islamic schools and universities, and the such. :-)

  6. #6
    Thailand Expat harrybarracuda's Avatar
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    Well no wonder they're doing their best to wipe out the Uighur identity - can't have them looking for independence now, can we?

  7. #7
    Chinese spy
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    Stay tuned for a new reality TV show- the Uygherly Hillbillies! No wonder the women won't allow themselves to be imprisoned in their own homes by their husbands, and clad in veils, with all this money about- it's a brave new world out there. There is no better tool for cultural genocide than lotsa money!! Seize the opportunities (or join Isis and be hunted down like a rat).

  8. #8
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    We just have to wait for the environmental impact statement to be produced...5 minutes pass...ah there it is, signed sealed and delivered!

  9. #9
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    There is no better justification for cultural genocide than lotsa money!!
    FTFY.

  10. #10
    Thailand Expat HermantheGerman's Avatar
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    Quote Originally Posted by harrybarracuda View Post
    FTFY.
    Just look at those shithole countries you work at.

  11. #11
    Thailand Expat
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    Thank you BSNUB for your most persuasive and complex rebuttal. Via your private message.

    Another opinion, though more than two words. Which maybe beyond your attention span to finish reading.

    Is the real reason the US is so interested in what’s going on in Xinjiang because it contains so much oil?

    Tom Fowdy 21 Jun, 2021 15:20

    "The Americans have made a lot of noise about the Uighurs, but given the region’s strategic importance to China and its richness in natural resources, that may be more about geopolitical machinations than human rights. Last week, China made a significant announcement that went somewhat under the radar. In the Xinjiang autonomous region in the far west, its oil companies have discovered an oil reserve that amounts to nearly one billion tons. This is the largest found in China in decades, and adds to an ever-growing number of discoveries in this region.

    While it may not be a complete gamechanger, given China is, by some distance, the world’s largest consumer of crude oil, with a booming industrial economy and 1.4 billion people, the find is clearly important nonetheless.
    Beijing is on a quest not just for mere energy, but for ‘energy independence’ – the idea that a country does not need to rely on others for its power and fuel. But the question is why is this such a priority?

    While the reality is that China as a whole will never have the oil reserves to be completely free from relying on others, and is currently dependent on extensive imports from the Middle East, in Beijing’s eyes, the status quo isn’t tenable.

    The traditional route of importing oil across the Indian Ocean, through the Strait of Malacca and up through the South China Sea, is at the mercy of the United States, which, through its ‘free and open Indo-Pacific’ strategy, is aiming to military encircle China via the water around it.


    There’s a hypothetical fear that, in a conflict, Washington could embargo shipping routes from beyond China’s periphery and, by extension, cut off oil imports. It would be a quick route to crippling Beijing, if the US were to pull it off.


    This consideration has transformed Xinjiang into one of the most strategically important regions in China, not just for Beijing but for its enemies too. It’s a lynchpin, not just in terms of its vast energy resources, but also in its geographical importance as a gateway to the West, towards central Europe, and the Middle East.

    South of the region sits Pakistan, which produces a straight corridor to the western Indian ocean, bypassing the Indian subcontinent and is ideal for importing oil. This underlines the importance of the China-Pakistan Economic Corridor and the Belt and Road Initiative (BRI) as a whole.

    What’s clear is that Xinjiang is absolutely crucial to China’s energy dependence and diversification strategies – and it’s difficult for the US to militarily get at it.

    But it is trying to counter China by a variety of means. While there is the corporate element of maintaining hegemony over the global oil industry – the United States doesn’t like countries it cannot control to possess oil – its objectives are primarily military-strategic.

    First, the US has put Chinese oil companies on its entity list in an attempt to block them from acquiring advanced oil exploration technology (although this appears to have failed). It has also placed them on the investment ban list, in an attempt to deprive them of American capital.

    However, these efforts are piecemeal when you consider the broader bid to try to geopolitically isolate the Xinjiang autonomous region completely by propagating claims of a genocide there against the Uighur minority, with the objective of aiming to undermine supply chains and investment within it. This is all with the goal of forcing China to rely on its maritime periphery, and raising the political costs of Beijing keeping the tightly controlled status quo.

    But this doesn’t seem to be affecting Beijing’s focus on energy dependency. Over the weekend, China discovered one of the largest shale-oil deposits in the world near Inner Mongolia. This will complement a variety of other alternative energy efforts, including massive investment in electric cars, buses and batteries; an enormous drive towards nuclear power and technology; a proposal to extract uranium from the sea; the construction of new pipelines with Russia; and a strengthening of the relationship with Iran to coincide with the BRI land routes.

    In every area, China is aggressively diversifying and investing in various means of energy in the bid to patch up this massive strategic vulnerability. The battle also extends to the South China Sea region, which contains 14 trillion barrels of oil and natural gas. But with this area being politically contested, this is a long-term option and not an immediate solution.

    And so, in the short term, Xinjiang and its associated trade routes and energy reserves are essential in China’s bid to strategically rewire its supply routes away from militarily contentious regions and prepare for more confrontation with the US. If China succeeds in doing this, it will feel empowered to take a harder line on the sea.

    It’s no wonder, then, that the US has hammered the Xinjiang issue so aggressively. With America having a history of weaponizing propaganda in the bid to strategically dominate oil reserves, it should surprise nobody… yet nothing it has done so far has managed to slow down China’s efforts."

    https://www.rt.com/op-ed/527170-us-china-xinjiang-oil/

  12. #12
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by HermantheGerman View Post
    Just look at those shithole countries you work at.
    Ah the "Whatabout", looks like the three stooges have a possible new member.

  13. #13
    Thailand Expat harrybarracuda's Avatar
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    Is the real reason the US is so interested in what’s going on in Xinjiang because it contains so much oil?
    I suspect Vlad will be invading it long before the US consider it, it being just down the road and all.


  14. #14
    Chinese spy
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    How sad to think the wives of some of those brave patriotic Uyghur men who fled to fight with Isis and support the US in Syria & Libya will be soon opening their legs for, erm, Chinese tool pushers. Cultural genocide.

  15. #15
    In Uranus
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    Why would anyone be so dense to think that a new oil reserve was a good thing? That is madness.

  16. #16
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    ^It's the Chinese. They import around 10 million barrels a day (which is also around what Saudi produces a day to put that into perspective) so this *new discovery* is very likely complete bullshit and they're probably trying to convince the countries they import from to lock in long term contracts at cheaper prices, feigning that they don't actually need to import any oil at all. I'll bet they won't be putting the well logs or appraisals from any independent and credible Oilfield service companies (ie NOT Chinese) out for the public to ever see

  17. #17
    Thailand Expat
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    Quote Originally Posted by Headworx View Post
    to lock in long term contracts at cheaper prices
    Bloody devious buggers.

    Agree a "long term contract" with a supplier, which is acceptable to all parties.

    Are there not clauses included in these "long term contracts" that allow for certain "events" and thus further negotiations?

    Not everyone just "sends in the marines", literally or not.

  18. #18
    Thailand Expat
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    Quote Originally Posted by Headworx View Post
    the well logs or appraisals
    Generally obtainable from whom, I suspect many consider such "facts" as commercially sensitive.

    As well as estimates are only proven by annual extraction figures. Again commercially sensitive, subject to revisions for a companies annual report/share price "requirements".

    But you may have more experience in oil extraction company forecasting, actual v assumed v company investment/prospectus announcements.

  19. #19
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    How sad to think the wives of some of those brave patriotic Uyghur men who fled to fight with Isis and support the US in Syria & Libya will be soon opening their legs for, erm, Chinese tool pushers. Cultural genocide.
    Ah yes, one of the three stooges with the chinky standard, "Uighurs are terrorists".

    There's a surprise.

  20. #20
    Chinese spy
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    Not at all. The terrorists are basically either dead, reformed, or overseas now- where they will stay, unless they choose to return and be met with a bullet. The last terrorist incident in Xinjiang was 2017 I believe. The majority of Uyghur despise this Salafist scum.

  21. #21
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    Not at all. The terrorists are basically either dead, reformed, or overseas now- where they will stay, unless they choose to return and be met with a bullet. The last terrorist incident in Xinjiang was 2017 I believe. The majority of Uyghur despise this Salafist scum.
    Kinda makes you wonder why they'd lock a million of them up, doesn't it?

  22. #22
    Chinese spy
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    Sure does. Kinda makes you wonder why nobody can show where this illusory million are 'locked up' too.

  23. #23
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by sabang View Post
    Sure does. Kinda makes you wonder why nobody can show where this illusory million are 'locked up' too.
    Ah, the old Hoohoo "I haven't seen it so it doesn't exist" defence.

    Fortunately local intel and satellite images abound. But of course you just want to believe the chinky version, obsequious chinky sycophant that you are.

  24. #24
    Chinese spy
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    Yes, in the Koolaid world primary schools become prison camps. Cotton pickers from all over China become Uyghur slave labor. The fastest growing province of China becomes an extermination camp. Expats that live there, travel freely to Xinjiang, document it for themselves become Chinese spies. Nothing is real except the Koolaid.

  25. #25
    Thailand Expat
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    Quote Originally Posted by harrybarracuda View Post
    local intel and satellite images abound.
    Local "intel and satellite images".

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