26 July 2012 05:56 [Source: ICIS news]
SINGAPORE (ICIS)--Shell announced late on Wednesday that it has signed a production sharing contract (PSC) amendment with China National Petroleum Corp (CNPC) for a new development phase for the Changbei gas field in northern ?xml:namespace>
Under the amendment, Shell and CNPC will develop additional tight gas sands and further develop the already producing main reservoir at the 1,692.5-sq km Changbei block in the
The additional development project can boost shale gas output beyond the current peak of 320m cubic feet per day, while Shell will continue to be the operator at Changbei, it said.
The amendment is subject to governmental approval.
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