Project Profile
Value: undisclosed
Location: Anhui province, Wuhu city, China
Area: 4,800 square kilometres (1,853 square miles)
Reserves: unknown
Start-up year: -
China, estimated to hold more natural gas trapped in shale than the U.S., has yet to produce the fuel commercially. Chinese energy explorers have been seeking shale technology and expertise by buying stakes in overseas fields, including acquisitions of Chesapeake Energy Corp. assets by Cnooc. Chinese shale may hold 1,275 trillion cubic feet (36 trillion cubic meters of gas), or 12 times the country’s conventional natural gas deposits. The project, located in Anhua’s Wuhu city, covers an area of 4,800 square kilometers (1,853 square miles). The company’s application for the right to explore the area was approved by Ministry of Land and Resources in December 2010.
Operator:
CNOOC Ltd.: Operator with 100% interest