Xinjiang Oilfield achieved a “good start” in the first quarter with a cumulative production of more than 4.6 million tons of oil and gas equivalent. Since March 2020, the annual crude oil production in this oil area has exceeded 600,000 tons.
This year, 100 wells will be drilled and 110 fracturing operations will be completed. The scale of production construction will reach the highest level in history. At present, Xinjiang oilfield has listed the "Shale Oil Revolution" as one of the "Top Ten" projects in 2024.