Royal Dutch Shell says the results of early drilling in China for shale-gas looks to be a profitable proposition. In March, Shell signed a production-sharing contract to explore, develop and produce shale gas in China. According to a Fox Business News Report, Shell will:
“…. apply its technology, operational expertise and global experience to jointly develop shale gas with state-controlled China National Petroleum Corp. over a 3,500-square-kilometer area in the Fushun-Yongchuan block in the Sichuan Basin.”
Shell is not alone in wanting to get into the Chinese shale-gas business as some experts are saying that China has as much potential shale-gas as does the US. It is reported that Chevron and Total SA (the French multinational oil and gas company) are also seeking relationships with the Chinese.
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