This analysis covers Sinopec's licences in the San Jorge Basin, which it acquired from Occidental in January 2011. Fourteen of these licenses lie in the southern flank of the San Jorge Basin. These licences encompass a series of mature producing oil fields, which require extensive infill drilling and water flooding to maintain production. As is usual in this basin, fields are characterised by complex faulting and reservoir compartmentalisation, which requires continuous high levels of infill drilling to maintain production.
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Asset report | Aug 2017
Sinopec - San Jorge Basin assets
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