Sinopec claims new discovery could be China’s second largest shale gas find and plans more appraisal wells

China’s top unconventional gas producer Sinopec has made what it claims could be the country’s second largest shale gas discovery and aims to develop the find into a major production hub over the next five years.

The Xinye-1 discovery well drilled at the Xinchang structure in the country’s southwestern Sichuan basin flowed at a rate of 530,000 cubic metres per day of shale gas during tests, the company said.

The Xinchang structure is located in the Xinchangnan-Dongxi-Dingshan-Lingtanchang area on the southwestern rim of the Sichuan basin, which Sinopec estimates holds an estimated 1.19

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