PetroChina, Chevron Building Gas Production Facilities at Chuandongbei
SHANGHAI (Dow Jones Newswires), Feb. 24, 2011
PetroChina and Chevron officially started construction of production facilities at their joint Chuandongbei gas project in Sichuan province over the weekend, PetroChina parent China National Petroleum Corp. said Thursday.
Chuandongbei is China's largest onshore gas project in cooperation with a foreign partner, CNPC said in its inhouse newsletter.
Chevron has a 30-year production-sharing agreement with PetroChina to develop Chuandongbei at an estimated cost of $4.7 billion.
The project is expected to come online in the second half of this year with enough capacity to supply China's capital, a CNPC official said last year.
First-phase output at Chuandongbei is designed at 9 million cubic meters a day, he said.
Copyright (c) 2011 Dow Jones & Company, Inc.
- Chevron Approves New Tech Investment To Raise Output At North Sea Field (Oct 20)
- Canada's Keyera Signs Pact With Chevron To Transport, Store NGL (Oct 10)
- Chevron Starts LNG Output at Australia's Wheatstone (Oct 09)
Company: PetroChina more info
- Iraq's Talks with Exxon on Southern Oilfields in Final Stages-Minister (Oct 09)
- Ecuador to Offer Oil Blocks Under New Bidding Terms in Jan (Oct 06)
- Kazakhstan To Sell 5 Bcm Of Gas To China For $1B (Oct 03)