US Companies Poised to Launch Chinese Shale Boom
US-based
ConocoPhillips has cut a deal with China’s Sinopec to jointly study
shale gas development in China, where the US company’s hydraulic
fracturing is in high demand. Last week, China’s Sinopec Group announced
that ConocoPhillips (COP) would jump on board in the Sichuan Basin in a
two-year deal to conduct exploration research and develop shale gas
production. The Sichuan Basin is believed to contain vast amounts of
deeply embedded shale gas, and Beijing is on the fast track to boost its
shale gas and tight natural gas reserves…Read more...http://oilprice.com/Energy/Natural-Gas/US-Companies-Poised-to-Launch-Chinese-Shale-Boom.html
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