BP & CNPC CONTRACT
BP PLC and China National Petroleum Corp. (CNPC) have signed a production-sharing contract for shale gas exploration, development, and production on Neijiang-Dazu block in China's Sichuan basin.
The deal, covering 1,500 sq km, is BP's first shale gas PSC in China, and is the first step in an expansive strategic cooperation pact signed by the two firms last October. CNPC will be operator for the project.
"We are looking forward to working together with CNPC on technology, operational, and subsurface techniques in unconventional…
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