On February 22, 2023, Du Hongling, senior vice President of Beiken Energy, visited and discussed cooperation with Sinopec Xinchun Petroleum Development Co., LTD. (referred to as Xinchun Company). Wang Qiyu, deputy general manager of Xinchun Company, Liu Jiangtao, chief engineer, Sun Ronghua, chief expert Liu Jingxuan and other leaders of Xinchun Company attended the exchange meeting.
Wang Qiyu, deputy general manager of Xinchun Company, said that through years of development, Beiken Energy has many advantages in management level, business technology, market layout and other aspects, Xinchun Oilfield also has the willingness to break down competition barriers and open up to the market, and the two sides have a good foundation for cooperation. In the next step, Xinchun looks forward to long-term cooperation with Beicken Energy and the drilling group being formed to solve the problems encountered in the exploration and development process of Xinchun oilfield, and help increase oil production and efficient development of the oilfield.
Xinchun Company is the western oil production base of Sinopec Shengli Oilfield, mainly responsible for rolling exploration, oil and gas development and crude oil production and sales tasks of more than 10 blocks in Junggar and Tuha basins in Xinjiang exploration area. The exploration area covers 42,300 square kilometers, with a total proven oil bearing area of 171.91 square kilometers and proven petroleum geological reserves of 153 million tons. Control oil geological reserves of 176 million tons. In 2022, 1.4 million tons of crude oil will be produced and sold, an increase of 108,000 tons over 2021 and 30,000 tons more than planned.