×
×
Project Insights

Recent shake-ups give Chinese CBM a boost

There is increasing evidence that China is shaking up its CBM sector with the aim of boosting output far beyond the 6 bcm/y it currently produces There is increasing evidence that China is shaking up its CBM sector with the aim of boosting output far beyond the 6 bcm/y it currently produces.
By Tang Tian 26 September 2019 Asia Pacific / Exploration & Production 0 34621
A CBM drilling rig in China. (Sino Oil & Gas)

The key issue: A recent burst of activity in China’s CBM sector suggests both the Chinese government and domestic players are starting to take the development of the unconventional gas more seriously.

Interfax analysis: A plan by state-owned China National Offshore Oil Corp. (CNOOC) to transfer an onshore CBM subsidiary to Hong Kong-listed CNOOC Ltd represents the latest in a series of developments affecting China’s CBM sector this year. The changes can be seen as evidence of a shake-up in Chinese CBM development that could see growth...