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Project Insights

Deep deposits challenge CNPC’s shale ambitions

CNPC’s inability to extract shale gas deeper than 3,500 metres could jeopardise a goal of producing 20-23 bcm annually by 2025 CNPC’s inability to extract shale gas deeper than 3,500 metres could jeopardise a goal of producing 20-23 bcm annually by 2025.
By Tang Tian 24 October 2019 Asia Pacific / Exploration & Production 0 34713
Sinopec's Fuling shale gas field (Sinopec)

The key issue: China National Petroleum Corp. – the state-owned parent of PetroChina – has made significant progress in shale gas exploration and production in Sichuan province, but faces challenges with developing reserves deeper than 3,500 metres

Interfax analysis: The positive news flow about China National Petroleum Corp.’s (CNPC’s) shale gas exploration has come thick and fast in recent months, underlining the NOC’s determination to succeed in shale. But away from the headlines, progress in the coming years could be challenged by...