Total & PetroChina Ink Deal for Sulige Field
Total and PetroChina have signed a Production Sharing Contract for the evaluation, development and production of the natural gas resources of the South Sulige block of Ordos Basin, an area of around 2,390 square kilometres located in the Province of Inner Mongolia, onshore China. The contract is subject to approval by Chinese authorities.
The evaluation of this field will include the acquisition of new seismic data, reentry of existing wells and the drilling and testing of new wells.
'Total is pleased to be part of the Sulige development. This project is a major step towards unlocking potentially very large unconventional natural gas resources. It demonstrates the strong commitment of both PetroChina and Total to jointly cooperate in that field', states Christophe de Margerie, President Exploration and Production of Total.
Total will bring to the partnership its technological expertise and working practices applied to the specific working conditions of the Ordos geological basin. Together with PetroChina, the Group will promote the replacement of traditional energy resources by cleaner fuels in the urban eastern regions.
Total and PetroChina have been partners for more than 10 years in one of the most important Chinese refineries, WEPEC. Located in Dalian, in the northeast of the country, WEPEC is operated by PetroChina and is currently being modernized and upgraded to a capacity of 10 million tons a year.
Total and PetroChina are also actively cooperating internationally to join their
efforts and competencies in exploring and developing new resources in several
domains, particularly heavy oils. Sulige project is an attractive and sizable
opportunity which will allow in the two companies to strengthen their
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Company: PetroChina more info
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