China: tight oil promising

Potential of tight oil reserves are huge China could become a "tight oil revolution" strong capital followers. Endemic to China dominated by continental sedimentary basins with oil and gas, generally have poor reservoir characteristics, the corresponding development of a large number of rich low-permeability oil and gas resources.frac proppant Currently, the preliminary evaluation of favorable exploration area of ​​15 to 24 million square kilometers, the amount of recoverable resources of 18 to 28 million tons. According to the China Petroleum Exploration and Development Research Institute of Oil and Gas Development Software Center Director Ran Kai full introduction, the overall performance of tight oil production performance as "initial yield, low-yield rapid decrement and post-yield" feature, different characteristics at different stages of seepage. Tight oil development currently facing a "deepening reservoir understanding, improve well production, improve utilization levels and recovery, reducing costs," the four challenges, compact and efficient development of oil must take  Unconventional gas  ideas, technology and management model to achieve development of the whole process of the "simplicity, industrial, domestic, market-oriented, standardized and efficient operations," as soon as possible to recover the investment. With the "long horizontal section horizontal wells, the volume fracturing, factory mode of operation" scale applications, and low-voltage, low-pass, low-quality, low-charge-type,hydraulic fracturing such as different types of tight oil development technology breakthroughs, China dense peak oil production forecast up to 2800 million to 35 million tons, development potential, will have significant social and economic benefits.