Royal Dutch Shell and state-run China National Petroleum Corporation (CNPC) have signed an agreement to explore, develop and produce shale gas in China.
The Production Sharing Contract covers about 3500 square kilometres over the Fushun-Yongchuan Block in China’s Sichuan basin.
“We are delighted about this new milestone in our strategic cooperation with CNPC,” said Shell chief executive Peter Voser.
“China has huge shale gas potential and we are committed to making a contribution in bringing that potential into reality.”
Published : March 22, 2012