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Chinese Firm Supplies Modules to Russia

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Chinese Firm Supplies Modules to Russia CHINA DAILY | HONG KONG EDITION Friday, August 27, 2021 | 9 BUSINESS RIGHT TRACK Small fruits Sinopec’s new fuel find help local spells energy security farmers By ZHENG XIN in Beijing Located in the northern margin and XING WEN in Urumqi of the Taklimakan Desert, the build brand Shunbei oil and gas field is one of China Petrochemical Corp, or Sin- the deepest oil and gas reservoirs BEIJING — Watermelons have opec Group, said on Thursday it has in the world. It is also Asia’s deep- brought Beijing farmer Li Wanbo discovered a new 200-million-ton est reservoir of its kind. 300,000 yuan ($46,200) this sum- oil and gas field in the Shunbei area Last October, with advanced mer alone, a great leap from when of the Tarim Basin in Northwest Chi- ultra-deep drilling technology, Sino- he worked in the city proper with a na’s Xinjiang Uygur autonomous pec created the record for well drill- monthly salary of 4,000 yuan. region — and analysts promptly said ing in Asia with the 53-2H well, “I grew up with watermelons,” the find will likely help ensure which has a depth of 8,874 meters. said the 29-year-old man from Pang- domestic energy security. The accumulated crude produc- gezhuang, a township in southwest- An exploration well drilled by tion in the Shunbei oil and gas field ern Beijing famous for its sweet and Sinopec Northwest China Petrole- has exceeded 3 million tons by June crispy watermelons. “My father um Bureau, a subsidiary of Sino- and the natural gas production grew the flowering plant when I was pec, achieved a daily flow of 865 exceeded 1 billion cubic meters, a child, selling them near our home.” tons of crude oil and 590,000 cubic making the oil and gas field a key According to Li, new develop- meters of natural gas, said the driver of growth of the company’s ments in technology have enabled company. domestic oil and gas production. increased melon yields, as well as The government has been step- The accumulative proved petro- more ways to sell them. ping up domestic oil and gas leum geological reserves of Sino- A vessel, carrying two of the world’s largest industrial modules made by Wison Offshore and Marine “We now sell the fruit online exploration and increased capital pec Northwest China Petroleum Ltd, leaves Zhoushan, Zhejiang province, for Russia’s Murmansk. YAO FENG / FOR CHINA DAILY through livestreaming shows to expenditure in both conventional Bureau have reached 1.5 billion consumers across the country and and non-conventional production tons so far, and that of natural gas deliver them via convenient express in recent years, said Luo Zuoxian, 74 billion cubic meters. Cumula- courier networks,” he said. head of intelligence and research tive oil and gas equivalent produc- Panggezhuang is now home to at the Sinopec Economics and tion has exceeded 140 million tons, 6,500 watermelon farmers like Li. Development Research Institute. making it one of China’s top 10 Located on the alluvial plain of the “The country’s three major oil onshore oil fields. Chinese firm supplies Yongding River, the township boasts and gas players — China National China National Petroleum Corp fertile soil with plenty of the trace Petroleum Corp, Sinopec and Chi- also announced the discovery of a elements required for growing na National Offshore Oil Corp — major shale oilfield in Daqing, Hei- watermelons, and has long enjoyed have all accelerated exploration longjiang province, on Wednes- the reputation of being China’s investment intensity during the day, with predicted geological modules to Russia “Land of Watermelons”. past few years with a series of reserves of about 1.268 billion The annual output of watermel- major breakthroughs,” he said. tons. It aims to produce more than ons in the township can hit 110 mil- “The country’s mastery of oil 1 million tons of shale oil annually Wison’s feat shows China’s prowess Because many large-scale energy lion kilograms, with the sales and gas exploration technology by 2025 from the Gulong shale oil projects are planned to be operated revenue reaching 230 million yuan a has also been on the rise and will formation in Daqing. in high-end engineering products at remote areas or under harsh year, according to the local agricul- further inject momentum into the weather locations, modularization tural service center. reform of the country’s future oil Contact the writers at By ZHONG NAN cially in 2020, all of our business in the construction of LNG plants In recent years, Panggezhuang and gas systems and mechanisms.” [email protected] [email protected] units, and partners from upstream is considered a standard practice has been stepping up efforts to build and downstream industries have for developing onshore facilities its own brand featuring small varie- Shanghai-based Wison Off- overcome these difficulties and these days, said Feng Hao, a ties. shore and Marine Ltd, a subsidi- completed the project as sched- researcher at the National Devel- “Look at our Panggezhuang ary of privately owned Chinese uled,” said Zhang. opment and Reform Commission’s watermelons. They are only the size conglomerate Wison Group, Such modules can vary in size, Institute of Comprehensive Trans- of two fists. The skin is very thin. You shipped the first two of four giant typically ranging from a few tons portation in Beijing. can peel it and eat it upon twisting industrial modules for the Arctic up to several thousand tons, The old-fashioned approach to the melon off the vine. It’s juicy and LNG 2 project of Novatek, the depending on design and installa- construction of process plants was sweet,” said a livestreamer nick- largest independent natural gas tion constraints. to build the facilities entirely at the named Xiaojinge, as he displayed producer of Russia, on Thursday. To enable Novatek to exploit the main building site using a large the small fruit on his show. Zhang Shouyue, vice-president LNG reserves in Arctic areas, labor force. This is no longer desir- There has been a significant of WOM’s Zhoushan manufactur- WOM selected project materials able or feasible; so, a modular change in watermelon planting in ing base in Zhejiang province, said that match construction quality method has been adopted in many Panggezhuang since 2000, with the delivery of modules for the liq- standards for operating normally countries such as Iceland and larger numbers of small watermel- uefied natural gas project fills a gap in extreme cold weather, he said. Qatar, in a bid to reduce the work ons weighing from 1.5 kg to 2.5 kg, in the building of China’s marine Backed by a total investment of at the main construction site by rather than the traditional big ones engineering prowess, indicating $25.5 billion, the ALNG2 project using one or more prefabrication weighing from 6 kg to 8 kg, said the nation has joined the world’s comprises three LNG trains at 6.6 and preassembly sites in other Chen Zongguang, an official of the top club in the construction of high- million tons per annum each, locations. local agriculture service center. Workers check an oil facility in the Shunbei area of Tarim Basin end marine engineering products using gravity-based structure plat- For instance, China Internation- Now 90 percent of Panggezhu- in the Xinjiang Uygur autonomous region. CAI YANG / XINHUA and large and complex module con- forms. al Marine Containers (Group) Co, ang farmers grow small varieties. struction. The project is based on the a Shenzhen, Guangdong province- “Relatively small watermelons sell The modules dispatched from hydrocarbon resources of the based transportation equipment better, as they can be eaten up at Briefly Zhoushan will arrive at Russia’s Utrenneye field in the Gydan pen- manufacturer, has built many pre- one time, which helps maintain Arctic port city of Murmansk after insula of Russia’s Yamal-Nenets fabricated module-themed build- freshness while reducing waste,” 25 days. Autonomous District. More than ing and public utility projects Chen said. Shanghai’s EU 7-day, 2.2% reverse Among the world’s largest and half of its territory is located across the world to drive growth Last year, to mitigate the impact of garment imports up repos net 50b yuan heaviest industrial modules, beyond the Arctic Circle. and diversify its product catego- the COVID-19 epidemic, the town- WOM’s products are complete pre- With the project starting in ries. ship government took the initiative of Shanghai’s imports of garments The People’s Bank of China on assemblies of equipment, bulk December 2019, WOM’s work It supplied high-end modular connecting 10 watermelon coopera- and accessories from the Euro- Thursday conducted 50 billion yuan materials and components. scope has been engineering, pro- products to Brazil to help the coun- tives in Panggezhuang with an pean Union nearly doubled to ($7.72 billion) worth of seven-day, They were first fabricated at an curement, fabrication and com- try rebuild its research station in e-commerce sales platform, boosting 13.47 billion yuan ($2.07 billion) 2.2 percent reverse repos to main- off-site facility into a steel struc- missioning of modules in train one the Antarctic. It also provided pre- sales both online and offline. in the January to July period, tain reasonably ample liquidity in ture, which is now being shipped, with a total weight of 48,000 met- fabricated modules to the Ras Abu From January to December in Shanghai Customs data showed. the banking system. A reverse repo to be installed at the main con- ric tons.
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