SEHK:386Oil and Gas
Sinopec’s Ultra Deep Shale Breakthrough Highlights AI Edge And Investor Tradeoffs
Sinopec, listed as SEHK:386, has received official approval for China's first ultra-deep shale gas field at Ziyang Dongfeng.
The project is confirmed at the 100 billion cubic meter level of proven shale gas reserves.
The company used its own AI-driven exploration technology and ultra-deep drilling techniques to support the discovery.
China Petroleum & Chemical (SEHK:386), trading at HK$4.49, has a mixed share price record, with the stock down 4.5% year to date but up 18.2% over the past...