PetroChina

PetroChina plans to step up shale gas development in Sichuan province with a goal of meeting a third of a 2020 government target for the unconventional resource, according to state media and a government official. The Xinhua news agency reported that the state oil and gas company will increase drilling in southern Sichuan, China’s top gas-producing region and a key early shale development area. PetroChina plans to build 353 Bcf of shale gas production capacity in the province over the next 4 years. For 2017, the company plans to deploy 19 new rigs to drill 110 wells there, part of a total 600 wells planned in the next 4 years, Xinhua said. Domestic rival Sinopec likewise plans to achieve 353 Bcf of shale gas output by 2020.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.