Shell, CNPC to widen shale gas development in China’s Changbei

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 China.

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 Ordos Basin, Shell said in a statement.

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.

By: Fanny Zhang
+65 6780 4359

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