Sinopec's Changning-Weiyuan Shale Gas Zone Daily Output Stands at 5.36 mcm

Sinopec Corp. on Friday said it has produced 1.006 billion cubic meters of shale gas cumulatively from Changning-Weiyuan national shale gas demonstration zone in southwest China's Sichuan basin.

Currently, daily shale gas output from the demonstration zone stands at 5.36 million cubic meters. PetroChina has 64 shale gas wells in operation in the area, the company said.

Late last month, Sinopec discovered a major shale gas field near Southwest China’s Chongqing. The Fu-Ling field has estimated reserves of 2.1 trillion cubic meters. The discovery of the Fu-ling field means China’s official target for annual shale gas production, 6.5 billion cubic meters a year, will be easily surpassed.

Sinopec’s Chairman, Fu Chengyu, said 10 years can now be cut off from China’s planned development time for shale gas energy.

"Our Fuling project, which will ultimately produce 10 billion cubic meters a year by 2017, will build shale gas capacity to 5 billion cubic meters a year by 2015." Fu Chenyu said.