Project Profile
Value: Undisclosed
Location: southwest Sichuan province, China
Reserves: ~5 tcm billion cubic metres
Area: 4,200 square km
Depth:
Start-up Year: 2015
A joint venture of China National Petroleum Corp (CNPC) and domestic companies has started drilling its first shale gas well in the southwest Sichuan province. Sichuan Changning Natural Gas Development Co started drilling the Changning H3-6 well in Changning block and is expected to finish drilling in 70 days. Sichuan Changning Natural Gas Development Co was founded in Dec 2013 by CNPC, Sichuan Energy Investment Co, Yibin State Assets Operation Co and a Beijing investment fund. The company is China\'s first joint venture by an oil major and domestic companies dedicated for shale gas development, it said. CNPC, parent of PetroChina, plans to drill some 50 shale gas wells in Changning block in 2014. Shale gas production in Changning block is expected to be 1.0 billion cubic metres in 2015. Changning block, spanning 4,200 square kilometres, is in one of China\'s most promising shale gas development areas. The mission of this Sichuan Changning Natural Gas Development joint venture will be to implement the ongoing exploration of the Changning area running with seven experimental wells producing each one 10,000 to 100,000 cm/d.
Operators:
PetroChina
Sichuan Changning Natural Gas Development Co.
Sichuan Energy Investment Co
Yibin State Assets Operation Co: Operator with 100% interest