Project Profile
Value: US$6.4 billion
Location: Sichuan basin, southwest China
Reserves: 176 billion cubic metres
Area: 2,000 square-kilometre
Production: 3 billion cubic metres of gas (from Luojiazhai field)
Start-up Year: end of 2015
Chuanbeidong project is a tricky sour gas development in the Sichuan basin that contains a high level of hydrogen sulphide, which made for higher operational risk and higher standards for technical processes. Chevron, an experienced sour gas developer, is the operator of the project, and holds a 49 percent stake. PetroChina holds the rest. PetroChina initially expected first gas to be delivered in 2010, after a deal was signed with Chevron in 2007. The project, a 2,000 square-kilometre block, has proven reserves of 176 billion cubic metres, the two companies have said. PetroChina and Chevron began production at an onshore natural gas field in China\'s southwest at the end of 2015. The Luojiazhai field, whose \'A\' well began operating on Dec. 30, has an annual production capacity of 3 billion cubic metres of gas. Luojiazhai is part of the US$6.4 billion Chuanbeidong project, a tricky sour gas development in the Sichuan basin that contains a high level of hydrogen sulphide, which made for higher operational risk and higher standards for technical processes. Chevron, an experienced sour gas developer, is the operator of the project, and holds a 49 percent stake. PetroChina holds the rest. PetroChina initially expected first gas to be delivered in 2010, after a deal was signed with Chevron in 2007. The project, a 2,000 square-kilometre block, has proven reserves of 176 billion cubic metres.
Operators:
Chevron: Operator with 49% interest
PetroChina: 51% interest