28 September 2012 09:53 [Source: ICIS news]
The Luxiang Shale Gas Demonstration Area in Yan’an will be explored by local oil and gas company Shaanxi Yanchang Petroleum, according to the statement.
The field is expected to have geological reserves of 150 billion cubic metres (Gm³) from 2011-2015, the stipulated period of
There are further plans to develop shale gas exploration technology and infrastructure in the area, as production in the domestic shale gas industry is expected to rise, the commission said.
Shale gas refers to natural gas that is trapped within fine-grained sedimentary rock formations. It has become an increasingly important source of natural gas in the world.
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