中国石油大楼
「shale gas」⬅Shell plans to invest over $US500m in China after Sichuan project
Shell plans to invest over $US500m in China after Sichuan project
Shell plans to invest over $500 million this year drilling in shale gas and tight gas acreage in China, its chief financial officer Simon Henry said in an analyst call during its second quarter results announcement Thursday. "There are several plays in our portfolio with PetroChina. We have two in Sichuan province in the south, southwest, and we have many CBM [coalbed methane] opportunities in the north ... We spent around $450 million last year. This year [we plant to spend] over $500 million. We're drilling about ... close to 20 wells this year. It's still very much in the
Google翻訳➡シェルは、四川省のプロジェクトの後に中国でドル以上US500mを投資する計画 シェルは、最高財務責任者（CFO）のSi、中国では今年、シェールガスで掘削とタイトなガスの作付面積を5億ドル以上を投資する計画
Fushun-Yongchuan shale gas block PetroChina Shell gas
Royal Dutch Shell invests $US1 billion in Fushun-Yongchuan shale gas block
Royal Dutch Shell Plc (NYSE: RDS.A) announced Tuesday that it will spend in excess of $1 billion a year to develop China’s unconventional gas reserves, including its shale gas deposits. This marks the first occasion that a contract of its kind will be carried out in China. Shell and state-owned China National Petroleum Corp. (CNPC) have been waiting for the federal government to approve the deal that was established and signed one year ago to allow the exploration, development, and production of its unconventional gas reserves. The wheels are now in motion and the
Google翻訳➡ロイヤル·ダッチ·シェルは、撫順 - 永川シェールガスブロックで$ US1億ドルを投資 ロイヤル·ダッチ·シェル（NYSE：RDS.A）は、中国のUを開発するために年間10億ドルを超えて過ごすことになりますことを発表した
Royal Dutch Shell Plc CNPC Fushun-Yongchuan shale gas block
付記
* Fushun shale contract first of its kind to be approved -Shell
* Shell has committed to spending $1 bln/yr to develop Chinese shale
* Shell CEO sees a significant drilling season for shale in China
BEIJING, March 26 (Reuters) - China has approved a production-sharing contract with Royal Dutch Shell for the Fushun shale gas block in the southwestern province of Sichuan, with the global oil firm preparing to step up drilling activities in the country.
The government nod comes a year after Shell first inked the contract to develop the shale gas block with the China National Petroleum Corporation (CNPC).
The contract is the first of its kind to be approved by China, Shell spokeswoman Li Lusha said on the sidelines of a conference in Beijing.
Shell has committed to spend at least $1 billion a year exploring China's potentially vast shale gas resource, the company told Reuters last August.
International energy firms have expressed concern that Beijing has not yet established the regulatory framework required to develop shale gas.
But the Fushun approval could signal a way forward. An industry official with direct knowledge of the approval process said the contract was treated in much the same way as a conventional natural gas project.
Shell CEO Peter Voser told reporters that the company was currently preparing for a "significant drilling season" for shale gas in China this year and the next.
"We have plans for a significant drilling season in 2013 and 2014. We are ramping up investment here (in China)."
China is widely believed to hold the world's largest shale gas reserve but development remains at an early stage.
By the end of 2012 China had drilled only around 80 shale exploration and appraisal wells, with tiny commercial production, throwing into doubt a government target of 6.5 billion cubic metres of shale output by 2015.
付記↘
Shell Plans to Spend $1 Billion a Year on China Gas
By Bloomberg News - Mar 27, 2013 8:54 PM PTUE
Q
(Corrects to show annual spending is on unconventional gas in first paragraph of March 26 story.)
Royal Dutch Shell Plc (RDSA) will spend $1 billion a year developing China’s unconventional gas reserves, including shale deposits, according to Peter Voser, the company’s chief executive.
Shell has won government approval for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company, Voser said in an interview in Beijing today. He didn’t specify details for the $1 billion investment.
China is working with overseas partners to introduce hydraulic fracturing, the technology known as fracking that breaks open underground shale rocks to release natural gas, as it seeks to boost domestic consumption of the cleaner-burning fuel. Shell and CNPC had drilled 24 wells by November and planned a further 14 this year, Maarten Wetselaar, executive vice president of Shell Upstream International, said Nov. 15.
“I welcome the aggressive target of the government in the 12th five year plan and its long-term objective to make gas a significant component of its energy mix,” Voser said today. “This is the right energy source for the longer term for China given its advantage from the perspectives of carbon dioxide versus coal and oil.”
China’s annual gas consumption will increase by 20 billion cubic meters every year to 230 billion by 2015 under the 12th five-year plan, the Beijing-based National Energy Administration said in a Dec. 3 report. About 250 million urban residents, or 18 percent of the population, will use gas by 2015, the report showed.
Production Sharing
Shell and CNPC, the state-controlled parent of PetroChina Co. (857), agreed to explore, develop and produce shale gas in the Fushun-Yongchuan block in the Sichuan basin, an area covering about 3,500 square kilometers (1,350 square miles), London-based Shell said in a statement on its website in March 2012.
Chinese shale may hold 1,275 trillion cubic feet of technically recoverable gas, or 12 times the country’s conventional gas deposits, data from the U.S. Energy Information Administration show. That’s almost 50 percent more than the 862 trillion cubic feet held by the U.S., according to the EIA.
To contact the reporter on this story: Sarah Chen in Beijing at schen514@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski atakwiatkowsk2@bloomberg.net
「shale gas」⬅Shell plans to invest over $US500m in China after Sichuan project
Shell plans to invest over $US500m in China after Sichuan project
Shell plans to invest over $500 million this year drilling in shale gas and tight gas acreage in China, its chief financial officer Simon Henry said in an analyst call during its second quarter results announcement Thursday. "There are several plays in our portfolio with PetroChina. We have two in Sichuan province in the south, southwest, and we have many CBM [coalbed methane] opportunities in the north ... We spent around $450 million last year. This year [we plant to spend] over $500 million. We're drilling about ... close to 20 wells this year. It's still very much in the
Google翻訳➡シェルは、四川省のプロジェクトの後に中国でドル以上US500mを投資する計画 シェルは、最高財務責任者（CFO）のSi、中国では今年、シェールガスで掘削とタイトなガスの作付面積を5億ドル以上を投資する計画
Fushun-Yongchuan shale gas block PetroChina Shell gas
Royal Dutch Shell invests $US1 billion in Fushun-Yongchuan shale gas block
Royal Dutch Shell Plc (NYSE: RDS.A) announced Tuesday that it will spend in excess of $1 billion a year to develop China’s unconventional gas reserves, including its shale gas deposits. This marks the first occasion that a contract of its kind will be carried out in China. Shell and state-owned China National Petroleum Corp. (CNPC) have been waiting for the federal government to approve the deal that was established and signed one year ago to allow the exploration, development, and production of its unconventional gas reserves. The wheels are now in motion and the
Google翻訳➡ロイヤル·ダッチ·シェルは、撫順 - 永川シェールガスブロックで$ US1億ドルを投資 ロイヤル·ダッチ·シェル（NYSE：RDS.A）は、中国のUを開発するために年間10億ドルを超えて過ごすことになりますことを発表した
Royal Dutch Shell Plc CNPC Fushun-Yongchuan shale gas block
付記
* Fushun shale contract first of its kind to be approved -Shell
* Shell has committed to spending $1 bln/yr to develop Chinese shale
* Shell CEO sees a significant drilling season for shale in China
BEIJING, March 26 (Reuters) - China has approved a production-sharing contract with Royal Dutch Shell for the Fushun shale gas block in the southwestern province of Sichuan, with the global oil firm preparing to step up drilling activities in the country.
The government nod comes a year after Shell first inked the contract to develop the shale gas block with the China National Petroleum Corporation (CNPC).
The contract is the first of its kind to be approved by China, Shell spokeswoman Li Lusha said on the sidelines of a conference in Beijing.
Shell has committed to spend at least $1 billion a year exploring China's potentially vast shale gas resource, the company told Reuters last August.
International energy firms have expressed concern that Beijing has not yet established the regulatory framework required to develop shale gas.
But the Fushun approval could signal a way forward. An industry official with direct knowledge of the approval process said the contract was treated in much the same way as a conventional natural gas project.
Shell CEO Peter Voser told reporters that the company was currently preparing for a "significant drilling season" for shale gas in China this year and the next.
"We have plans for a significant drilling season in 2013 and 2014. We are ramping up investment here (in China)."
China is widely believed to hold the world's largest shale gas reserve but development remains at an early stage.
By the end of 2012 China had drilled only around 80 shale exploration and appraisal wells, with tiny commercial production, throwing into doubt a government target of 6.5 billion cubic metres of shale output by 2015.
付記↘
Shell Plans to Spend $1 Billion a Year on China Gas
By Bloomberg News - Mar 27, 2013 8:54 PM PTUE
Q
(Corrects to show annual spending is on unconventional gas in first paragraph of March 26 story.)
Royal Dutch Shell Plc (RDSA) will spend $1 billion a year developing China’s unconventional gas reserves, including shale deposits, according to Peter Voser, the company’s chief executive.
Shell has won government approval for its production sharing contract with China National Petroleum Corp., the nation’s biggest oil and gas company, Voser said in an interview in Beijing today. He didn’t specify details for the $1 billion investment.
China is working with overseas partners to introduce hydraulic fracturing, the technology known as fracking that breaks open underground shale rocks to release natural gas, as it seeks to boost domestic consumption of the cleaner-burning fuel. Shell and CNPC had drilled 24 wells by November and planned a further 14 this year, Maarten Wetselaar, executive vice president of Shell Upstream International, said Nov. 15.
“I welcome the aggressive target of the government in the 12th five year plan and its long-term objective to make gas a significant component of its energy mix,” Voser said today. “This is the right energy source for the longer term for China given its advantage from the perspectives of carbon dioxide versus coal and oil.”
China’s annual gas consumption will increase by 20 billion cubic meters every year to 230 billion by 2015 under the 12th five-year plan, the Beijing-based National Energy Administration said in a Dec. 3 report. About 250 million urban residents, or 18 percent of the population, will use gas by 2015, the report showed.
Production Sharing
Shell and CNPC, the state-controlled parent of PetroChina Co. (857), agreed to explore, develop and produce shale gas in the Fushun-Yongchuan block in the Sichuan basin, an area covering about 3,500 square kilometers (1,350 square miles), London-based Shell said in a statement on its website in March 2012.
Chinese shale may hold 1,275 trillion cubic feet of technically recoverable gas, or 12 times the country’s conventional gas deposits, data from the U.S. Energy Information Administration show. That’s almost 50 percent more than the 862 trillion cubic feet held by the U.S., according to the EIA.
To contact the reporter on this story: Sarah Chen in Beijing at schen514@bloomberg.net
To contact the editor responsible for this story: Alexander Kwiatkowski atakwiatkowsk2@bloomberg.net