China’s Sinopec to develop new shale gas field at Weirong in Sichuan
Sinopec Corp, China’s biggest shale gas operator, said on Monday it plans to develop a new field this year able to produce 1 billion cubic metres (bcm) of shale gas annually.
The state-run company said the field will tap a proven reserve equivalent to 124.7 bcm of gas at Weirong in the southwestern province of Sichuan. This marks its second major shale gas discovery after a flagship development at Fuling in the Chongqing region, situated in the same geological basin of Sichuan.
The company is drilling for shale gas in a 20,000 square-kilometre area in southern Sichuan, as well as western Chongqing. It earlier set a target to produce 10 bcm per year of shale gas by 2020.
China’s shale gas output accounts for only a small part of the country’s total gas production, at about 6 percent.
Separately, Sinopec reported high volumes of gas flows in an exploration well Dongye-1 in the Dingshan-Dongxi block, close to Chongqing. The well, which extends some 4,200 metres below surface level, yielded daily output of 310,000 cubic metres in test production, said Sinopec.
Source: Reuters (Reporting by Chen Aizhu Editing by Kenneth Maxwell)