Shale-Gas Drilling In China


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.

To read more click here.

 

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