Advertisements
//
you're reading...
China Daily Mail


China Daily Mail

PetroChina is in talks with Royal Dutch Shell and Hess Corp (HES.NYSE) to explore shale oil in Xinjiang’s Santanghu Basin, Reuters reported, citing parent China National Petroleum Corp in a company-owned newspaper.

PetroChina has already drilled 35 wells in the basin, but low oil reserve content and immature domestic technology continue to curb output, the company said.

The partnership, which will require approval by the National Development and Reform Commission, is the latest in a series of unconventional oil and gas explorations in which Chinese firms are looking to acquire technology and expertise, and foreign firms gain access to a large and restricted energy market.

Shell signed a production sharing contract with CNPC in March for a shale gas block in Sichuan, the first such deal in China, while Hess is researching shale gas and oil potential with Sinopec Corp in eastern China’s Shengli oilfield.

China Economic Review

View original post

Advertisements

About Craig Hill

General Manager at Craig Hill Training Services * Get an Australian diploma by studying in your own country * Get an Australian diploma using your overseas study and work experience * Diplomas can be used for work or study in Australia and other countries. * For more information go to www.craighill.net

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Advertisements

407 Training Visas

Get An Australian Diploma

Learn How To Sell Real Estate To Chinese Buyers

Learn How To Sell Real Estate To Chinese Buyers

writer@craighill.net

Join 1,675 other followers

China Daily Mail Latest Headlines On Twitter

Twitter – China Daily Mail

%d bloggers like this: