Category: Product News

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The No. 6 Gas Production Plant, Changqing Oilfield Company makes a drilling footage over 100,000m

On April 1, the drilling footage of the New Year’s production capacity of the No. 6 Gas Production Plant, Changqing Oilfield Company exceeded 100,000 meters, and the time to reach this length was 28 days earlier than the year of 2018.

In order to ensure the quality and efficiency of production and construction, as well as high-quality and rapid development, the No. 6 Gas Production Plant has continuously deepened geological research and promoted technological innovation. On March 6, the first analysis while drilling and deployment disclosure meeting this year preliminarily defined the overall plan for the annual production and construction deployment, and carried out the geological analysis while drilling according to the implementation effect, and timely optimized and adjusted the deployment. Up to now, a total of 27 additional coordinates have been deployed, 11 production and construction favorable zones have been implemented, and 339 effective coordinates have been prepared.

 At the same time, relying on the special projects and key technologies of Changqing Oilfield Company, the “twice-drilling” technology and the “small borehole” test were actively promoted. On March 8, the gas well with twice-drilling technology in the Gaoqiao area was successfully drilled. The second section to the finished drilling only took 11.21 days, which was 30% higher than the drilling speed of a conventional well with the same depth.

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CNOOC’s oil and gas reserves have hit a new record high, and CNOOC people are amazing!

On March 21, the reporter learned from China National Offshore Oil Corporation (CNOOC) that the Company released its 2018 annual performance report. CNOOC steadily increased oil and gas reserve and production. The annual net oil and gas production reached 475 million barrels of oil equivalent, and continued to maintain cost competitive advantages. The main cost of barrel oil continued to decline year on year, creating a record of five consecutive years of cost reduction. By the end of 2018, the company’s net proven reserves reached 4.96 billion barrels of oil equivalent, hitting a new record high, and the resource base for sustainable development in the future will be more solid.

In the next step, CNOOC has formulated a strategy for deepwater development in the South China Sea. It plans to build a deepwater oilfield cluster in the eastern part of the South China Sea in the next few years, and build the first 100 billion cubic meters deepwater gas field discovered by China in the western South China Sea, and continue to increase investment in exploration and development, deepen the potential of oil and gas resources in the South China Sea, and enhance the comprehensive support capability of oil and gas.

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IEA: An acute shortage of global fuel oil supply will continue in next two years

The International Energy Agency (IEA) estimates that fuel oil supply is expected to face an acute shortage before 2020 when sulfur limit for marine fuel is set due to upgrade in refinery and a decline in medium and heavy crude oil production. According to the new regulations of the International Maritime Organization (IMO), by January 2020, the highest proportion of marine fuel sulfur will be reduced from the current 3.5% to 0.5%.

The IEA says, since November last year, due to the OPEC and non-OPEC (such as Russia) production reductions, the global production of medium and heavy crude oil has dropped by 1.4 million barrels per day, reducing the residual fuel oil market by 500,000 barrels per day. In the fourth quarter of last year, global demand for residual fuel oil was 6.74 million barrels per day, declining by 2.2% year-on-year.

The IEA states that the reduction in global crude oil supply is narrowing the profit margin of complex refineries comparing with simpler ones, which in turn leads to the disappearance of advantages of complex refineries. The increasing strengthening of fuel oil cracking in the past five months has made upgrades less feasible.

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The team building activities of Kosun

On March 30, 2019, in line with “friendship first, competition second, eliminate barriers, improve the team cooperation ability” tenet, Xi ‘anKosun Environmental Engineering co., LTD.‘s long-planned team building activities were finally carried out, and various interesting competitive activities were carried out centering on the theme of “smelting team, relieving pressure, promoting communication and enhancing feelings”.With concerted efforts and in goups, everyone reached the top of the mountain and took a group photo.This activity has achieved remarkable results, and finally achieved the goal of team building, fully showing the full spirit of all the staff.

With a trace of joy, and a little nostalgia, as the sun went down, the trip to climb the Cuihua mountain has gradually come to a close.This activity not only let everyone relax, but also improve their sense of collective honor and team spirit.It promotes the unity, tension and serious working atmosphere among colleagues in the department.

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KOSUN will participate in the 2019 NEFTEGAZ

KOSUN will participate in the NEFTEGAZ at the EXPOCENTER in Moscow, Russia on April 15-18, 2019. You are warmly invited to visit the D28-1 booth at Hall 21! We are waiting for you!

Exhibition: NEFTEGAZ

Date: April 15-18, 2019

Booth: 21D28-1

Venue: EXPOCENTER

The NEFTEGAZ is a professional petroleum exhibition in Eastern Europe, gathering 1,800 domestic and foreign exhibitors from 41 countries around the world. It serves as a stage for the global suppliers of the industry to showcase their new oil and gas industry technologies. The number of professional visitors to the exhibition reaches 38,600 from Russia, Germany, Britain, France, the United States, Italy, Australia, Kazakhstan, Kuwait, Ukraine, Saudi Arabia and other dozens of countries.

As a professional supplier of solid-liquid separation and sludge treatment equipment, KOSUN has attached importance to and participated in various domestic and international petroleum equipment exhibitions. In the 2019 NEFTEGAZ, KOSUN will focus on the solids control system and drilling waste treatment (mud zero discharge). At the exhibition, our technical engineers and sales managers will provide professional consulting services for you. Welcome you to our booth for exchange and cooperation!