CNOOC slows drilling at Wuhu shale gas block

CNOOC is reducing activity at its first and only shale gas block onshore China, after failing to convince foreign investors to help it develop the acreage.

Sinopec and PetroChina hold the best of China’s shale gas acreage. (Sinopec) Sinopec and PetroChina hold the best of China’s shale gas acreage. (Sinopec)

CNOOC is reducing activity at its first and only shale gas block onshore China, after failing to convince foreign investors to help it develop the acreage.