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2016-11-07 18:45:00

CHINA'S SHALE GAS UP

CHINA'S SHALE GAS UP

 

china shale gas map

According to OGJSinopec Ltd. reported that Fuling shale gas field in southwestern China produced a cumulative 3.76 billion cu m of gas from January to September. The 107% increase in production was accompanied by additional processing capacity of 5.5-6.5 bcm, the company said. In 2014, Sinopec announced plans to bring production capacity to 10 bcm/year by 2017.

At the time, Fuling field processing capacity was 0.6 bcm/year with 21 shale gas wells. While the operator has continued drilling new wells, no number was associated with the press release. Fuling field has reserves of 2.1 trillion cu m located at depths less than 4,500 m.

PetroChina Co. Ltd.'s Changning-Weiyuan block in China's Sichuan province has produced more than 1.8 bcm of shale gas as October, surpassing the 2016 target of 1.5 bcm. The operator expects the block's full-year shale gas output to reach 2.1 bcm, China National Petroleum Corp. (CNPC), PetroChina's parent company, said in a statement Oct. 25. The block has 107 production wells with an annual production capacity of 2.5 bcm.

The US Energy Information Administration estimates that China contains the largest technically recoverable shale gas reserves in the world—1,115 tcf as of September 2015 (OGJ Online, Sep. 1, 2016). State-owned companies, namely CNPC and Sinopec Ltd., own the vast majority of the country's shale gas resources, EIA noted.

Sinopec's Fuling block and CNPC's Changning-Weiyuan block in the Sichuan basin, expanded China's shale gas production fivefold during 2013-14 to 46 bcf/year (1.3 bcm/year).

China's Ministry of Land and Resources said the nation's shale gas output in 2015 reached 4.47 bcm, an increase of 258.5% year-on-year. The ministry cited that last year's production missed a government target of 6.5 bcm.

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Earlier: 

CHINA'S GASOIL RECORD 

CHINA OIL IMPORTS UP 

CHINA'S OIL PRODUCTION DOWN BY 10% 

CHEVRON'S LNG FOR CHINA 

THE LARGEST LNG IMPORTERS

 

 

 

Tags: CHINA, SHALE, GAS, PRODUCTION

Chronicle:

CHINA'S SHALE GAS UP
October, 20, 12:10:00

NORWAY'S PRODUCTION DOWN 171 TBD

NPD - Preliminary production figures for September 2017 show an average daily production of 1 772 000 barrels of oil, NGL and condensate, which is a decrease of 171 000 barrels per day compared to August.

CHINA'S SHALE GAS UP
October, 20, 12:05:00

ЦЕНА URALS: $ $55,55881

Средняя цена на нефть Urals за период мониторинга с 15 сентября по 14 октября 2017 года составила $55,55881 за баррель, или $405,6 за тонну.

CHINA'S SHALE GAS UP
October, 18, 19:10:00

OIL PRICE: ABOVE $58

Brent crude futures, the international benchmark for oil prices, were at $58.16 at 0643 GMT, up 28 cents, or 0.5 percent from their last close - and almost a third above mid-year levels. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 15 cents, or 0.3 percent, and almost a quarter above mid-June levels.

CHINA'S SHALE GAS UP
October, 18, 19:05:00

РОССИЯ: БОЛЬШЕ НЕФТИ И ГАЗА

Александр Новак отметил рост основных показателей всех отраслей энергетики в прошлом году: «Мы имеем рекордные показатели за прошлый год по добыче нефти, угля. Идёт рост добычи и экспорту газа, в том числе в Европу на уровне 15 процентов. По углю мы наблюдаем рост добычи даже больше уровня прошлого рекордного года. Также отмечается рост производства электроэнергии на 2%, что говорит об оживлении экономики».

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