Abstract The "seven-day losing streak" of oil prices has once again turned their attention to the "shale revolution" of the United States. Undoubtedly, one of the main reasons for the sharp increase in global crude oil production is the surge in US shale oil production in recent years...
The "seven-day losing streak" of oil prices has once again turned their attention to the "shale revolution" of the United States. Undoubtedly, one of the main reasons for the sharp increase in global crude oil production is the surge in US shale oil production in recent years. Daniel Yergin, founder of the Cambridge Energy Research Association, wrote in the Washington Post that oil prices have fallen to their lowest level since 2010, indicating that global oil prices are ushering in a new era determined by the continued surge in US crude oil production.
According to the data provided, thanks to technological breakthroughs, the production of shale-based light crude oil, which is dominated by dense oil in the United States, has increased significantly, resulting in an increase of 80% in total crude oil production between 2008 and 2014.
It is expected that in 2015, the United States will surpass Russia and Saudi Arabia to become the world's largest oil producer.
This has stimulated the enthusiasm of shale gas development in China to a certain extent. After all, China has the world's first reserves of shale gas.
According to the national shale gas industry plan, during the “Twelfth Five-Year Plan†period, China will initially form a core technical system for shale gas exploration and development that meets geological characteristics, forming a series of shale gas technical standards and norms.
According to media reports, before 2020, China's shale gas needs about 40,000 wells, and the total investment of the industry is about 800 billion yuan. Among them, equipment investment accounts for about 25% of the total investment, about 200 billion yuan. In the next few years, China's shale gas equipment demand will grow at an average annual rate of around 50%.
This is undoubtedly a very attractive "big cake." According to the relevant person in charge of the Provincial Development and Reform Commission, as of now, the province has not carried out related work. Sichuan, Chongqing, Shandong and other domestic shale gas resources and provinces and cities with energy equipment manufacturing base have begun to lay out plans to build a large-scale shale gas equipment manufacturing base.
Recently, Chengdu Xindu District Government signed a contract with Shenzhen Chiwan Petroleum Base Co., Ltd., and plans to invest 3.6 billion yuan to invest in the construction of Chengdu International Oil and Gas Base Project in Xindu Industrial East. The shale gas equipment manufacturing industry is the core of this international oil and gas base covering an area of ​​about 1,000 acres. It is understood that the development goal of the project is to establish the largest oil and gas equipment base in the southwest.
Relying on Shengli Oilfield, Shandong proposed to build the country's largest shale gas equipment manufacturing base. There are more than 160 enterprises with more than the scale of Shandong Petroleum Equipment, and the income in the field of petroleum equipment accounts for 40% of the national total. This is the base of the Shandong shale gas equipment industry.
According to the relevant planning of the province, Shandong Dongying, Qingdao, Yantai, Weifang and Dezhou, which have the basis of industrial development, will be built into five major shale gas equipment manufacturing bases, focusing on the development of exploration equipment, drilling and completion equipment, and logging equipment.
Behind the concept of hot speculation, we can find out objectively that at present, the prospect of shale gas development in China is not optimistic.
“Although China's shale gas market has great potential, due to complex geological conditions, shale gas mining is difficult and development costs are high.†Some experts pointed out that the “12th Five-Year Plan†for shale gas development formulated by the state has been proposed. Strive to achieve 60 billion to 100 billion cubic meters of production in 2020, and this goal has been reduced to 30 billion cubic meters by the energy authorities.
Experts remind that from the experience of the United States, shale gas development is a long process of industrialization, local governments should be calm and cautious, step by step, to avoid blind planning investment.
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