Shell to Spend $5B on China Shale

LONDON (Dow Jones Newswires), March 21, 2011

Shell is drilling 17 wells in China, including for tight gas and shale gas, Reuters reported Sunday, citing Chief Executive Peter Voser.

If drilling is successful, Shell plans to spend $1 billion a year during the next five years on shale gas in China, Voser was quoted as saying.

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