During test drilling in Lichuan County of Hubei Province, Sinopec found shale oil reserves of over 100 million cubic meters, albeit at a depth of over 3 km. The company is already producing 89,000 cubic meters a day there. Shale oil discoveries in Hubei, Shandong, Chongqing and Sichuan suggest that several billion cubic meters of shale oil can be produced on China’s territory.

JST China news, January 17, 2021