| | | Gbeibe Oilfield
In December 2002, CNPC started operating an EOR project in Syria's Gbeibe Oilfield after winning a tender. In March 2003, CNPC signed a development and production contract on Gbeibe Oilfield with the Syrian Ministry of Petroleum and Mineral Resources and the Syrian Petroleum Corporation (SPC).
Gbeibe Oilfield has been exploited for nearly 30 years, leading to extremely complex oil-gas-water contacts. Since CNPC's takeover of the field, new 3D seismic data acquisition and studies on geology and reservoirs have been conducted. Favorable results have been achieved by adopting large-scale acid fracturing and drilling multilateral horizontal wells to produce from low permeability reservoirs.
In 2006, CNPC drilled 10 horizontal wells at Gbeibe, including three bilateral ones, and nine were put into production. Initial daily output from each new well averages 100 cubic meters.
In 2008, a new breakthrough was made in progressive exploration in the western part of the Gbeibe Oilfield. Four oil-rich zones were discovered in the northern, eastern, and western parts of the field. Most notably, we obtained high-yield oil flows from the Chilou Formation.
Al-Furat Project
On December 20, 2005, CNPC and Indian Oil and Natural Gas Corp (ONGC) jointly purchased PetroCanada's 38% share in Syria's Al-Furat Petroleum Company (AFPC).
The contract block covers an area of 2,027 square kilometers, including 39 oil and gas fields, 3 crude oil processing plants, one natural gas processing plant and oil and gas pipelines.
In 2010, we concluded an agreement with Shell to acquire shares in Al Furat Petroleum Company. Under the agreement, we acquired a 35% interest in Syria Shell Petroleum Development (SSPD), which had been 100% owned by Shell. SSPD has 31.25% equity in three production licenses — Deir-Ez-Zor, Fourth Annex and Ash Sham. |
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| | | | In Syria, CNPC provides various oilfield services ranging from geophysical prospecting, well drilling, logging and perforation to formation tests.
In April 2008, CNPC has contracted the construction of a 5 Mt/a refinery in the east of Syria. The refinery is expected to become operational in 2011. |
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| | | | May 19, 2010 CNPC reached an agreement with Shell to acquire a 35% interest in Syria Shell Petroleum Development (SSPD), a wholly owned subsidiary of Shell.
Apr. 2, 2008 CNPC and Ministry of Petroleum & Mineral Resources of Syrian Arab Republic signed a joint venture refinery agreement and a framework agreement on cooperation in petroleum sector.
Dec. 20, 2005 CNPC and Indian Oil and Natural Gas Corp (ONGC) jointly purchased PetroCanada's 38% share of Al-Furat Petroleum Company (AFPC).
Mar. 2, 2003 CNPC inked a development and production contract on Gbeibe Oilfield with Syrian Ministry of Petroleum and Mineral Resources and Syrian Petroleum Corporation (SPC).
Dec. 2002 CNPC won the tender of an EOR project in Gbeibe Oilfield. |
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