PetroChina, Shell JV Finds Shale Gas in Sichuan

PetroChina, Shell JV Finds Shale Gas in Sichuan

BEIJING (Dow Jones Newswires), Dec. 8, 2011

PetroChina and Shell have discovered shale gas in Sichuan province, a PetroChina official said Thursday.

The amount of shale gas reserves have yet to be determined, the official said.

A Shell spokeswoman said Tuesday that gas exploration work in the Fushun-Yongchuan block is still ongoing and that Shell will complete drilling activities by year-end.

The joint venture between PetroChina and Shell drilled its first evaluation well last December--about 13 months after signing an agreement to develop shale gas resources in the area.

China is estimated to have reserves of as much as 1,275 trillion cubic feet of shale gas, according to the U.S. Energy Information Administration.

Copyright (c) 2011 Dow Jones & Company, Inc.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Enterprise Architecture - Utility
Expertise: Asset Management|IT - Software Development
Location: Houston, TX
 
Senior Geotechnical Engineer
Expertise: Geoscience Technician|Geotechnical Engineer
Location: Bothell, WA
 
Environmental Geologist
Expertise: Chemical Engineering|Geologist
Location: Tacoma, WA
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours