PetroChina Aims to Produce 92 Bcf of Shale Gas in 2015

Article title
PetroChina intends to produce 91.8 billion cubic feet of shale gas in 2015, with production coming from the Sichuan and Yunnan provinces in China.

PetroChina Company Ltd., China's largest oil and gas production firm, intends to produce 91.8079 billion cubic feet (Bcf) or 2.6 billion cubic meters (Bcm) of shale gas in 2015, Sun Longde, the company's vice president said, as quoted by local news agency Xinhua Monday.

The supplies will come from the Changning and Weiyuan blocks in the country's southwest Sichuan province, with each producing 35.31 Bcf (1 Bcm) of shale gas, while the Zhaotong block in Yunnan province will produce 17.66 Bcf (0.5 Bcm), Sun told a meeting on shale gas exploration in Chongqing, China.

PetroChina, which has 10 shale gas wells in operation or under construction currently, plans to have 164 in 2015, and the firm intends to produce 388.42 Bcf (11 Bcm) of shale gas in 2020, he added.

Meanwhile, China's shale gas exploration efforts remains at a early stage and the country needs to improve technology and cut costs, Wang Min, vice minister of land and resources, said at the Chongqing meeting.

Have a news tip? Share it with Rigzone!


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

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Engineer
Expertise: Production Engineering
Location: Houston, TX
Senior Client / Program Manager
Expertise: Geologist|Reservoir Engineering
Location: Seattle, WA
Senior Sales Representative - Oil and Gas
Expertise: Corrosion Engineering|Petroleum Engineering|Sales
Location: Harvey, LA
search for more jobs

Brent Crude Oil : $50.47/BBL 0.98%
Light Crude Oil : $49.72/BBL 1.09%
Natural Gas : $2.76/MMBtu 1.09%
Updated in last 24 hours