China, estimated to have up to 30 trillion cubic metres of shale gas resource, is to host the fourth annual Unconventional Hydrocarbons Summit later this year.
The event, to be held in Beijing in November, will focus on the business outlook for the shale and coal bed methane (CMBM) industries in China.
The country’s goal is to get 12% of its natural gas production from shale gas wells by 2020.
To do this, it will have to learn how to well test and explore shale gas.
China has already been making in-roads into the sector. In 2009 it began its first venture into developing shale gas with the help of Royal Dutch Shell.
In September 2010, China Petroleum Corp, better known as Sinopec, signed a deal with Chevron to develop shale gas targets near Guiyang City.
Sinopec is hoping to increase production from unconventional sources like shale gas and coal bed methane to approximately 2.5 billion cubic metres within the next five years.
In the middle of October 2010, CNOOC announced a deal with Chesapeake Energy purchasing one-third of its shale assets in the prospective Eagle Ford shale play, located in South Texas.
Organisers of the fourth Annual Unconventional Hydrocarbons Summit 2012 (UHS 2012) said the event will illustrate the business outlook and focus on more in-depth technical solutions facing China’s CBM and shale gas industry.
It is being held, with support from CEDIGAZ, WADE and the Natural Gas Roundtable, on November 29-30.
For more information go to:
http://www.cdmc.org.cn/4uhs2012/index.asp