Great news came from Jinhua block of the Jinqiu gas field of PetroChina Southwest Oil and Gas Field Company on October 15th. Jinqian 5H, the first horizontal well completed in Shaximiao Formation, obtained 666,800 cubic meters/day high-yield industrial gas flow of 2.542 million cubic meters/day, setting a new record for tight gas production in the basin.
Vertechs took part in this event by providing FALCON Ultralight Fast Drill Frac Seat and field services, achieving another major breakthrough in tight gas exploration. As the third-generation fast-drilling staged fracturing technology, FALCON Ultralight Fast Drill Frac Seat has both compact design and robust performance. Compared with traditional composite frac plugs, it can be milled out much faster and the cuttings produced during milling has a much lower density, which improves operation efficiency and reduce cost, by quickly establishing full wellbore, well testing and further developing can be accelerated.