Last month, the country’s shale output was seen at 1.15 bcm (40.6 bcf). Measured over the first quarter of the year, Chinese shale production came out at 2.67 bcm (94.3 bcf), up 17.4% over the same period in 2016.
China National Petroleum Corporation’s Changning-Weiyuan national-level shale gas pilot project contributed the most to the rise in shale gas production, the National Bureau of Statistics said.
First-quarter gas production was up as well, growing 3.4% over 2016 to reach 38.74 bcm (1.37 tcf). Oil output over the mentioned period was down 6.8% to 3.91 million bopd. The figure for March was 3.92 million bopd, 4.6 % less compared with last year.
In related news, CNPC has signed off on the Chengzhuang (GCZ) coalbed methane development, project partner Green Dragon Gas announced on Tuesday.
Located in the Qinshui basin, development will see 147 production wells drilled over the next 24 months pending approval from the National Development & Reform Commission.
Annual output is forecast to reach 85.2 mcm (3.01 bcf) by year-end 2017 and 91.5 mcm (3.23 bcf) the following year.
Saudi Aramco has signed three MoUs with US companies to advance the development of potential lower-carbon energy solutions, the company… Read More
Spain's Iberdrola plans to triple its offshore wind assets in the coming years, bringing their value to USD 18 billion,… Read More
Saipem has been awarded a USD 850-million contract for subsea works in Angola by local BP-Eni joint venture Azule Energy,… Read More
Arrow Exploration has spud a new production well on the Tapir block in Colombia’s Llanos Basin, the company announced on… Read More
Petronas has made a third oil and gas discovery in Suriname's offshore Block 52, the Malaysian company announced on Wednesday Read More
This website uses cookies.