Sinopec Reports Fuling Shale Gas 1Q Output
Chinese giant Sinopec reported healthy-looking first quarter output at it Fuling shale gas field April 8.
The field in Chongqing, central southwest China, produced 1.5bn m3 of shale gas during the three months to March 31. Sinopec did not offer a year-on-year comparison. However, the field produced 6.02bn m3 of shale gas last year.
The first phase of Fuling went into production in 2015. Sinopec is aiming to raise output to 10bn m³/yr by 2020 .
China is working on building a substantial shale gas infrastructure, and has achieved significant progress in last few years. The country’s technically recoverable shale gas reserves increased by 62% year on year in 2017 to reach 916.8bn m3, according to the natural resources ministry.
Since 2014, four shale gas fields have been discovered in the Sichuan basin: Fuling, Weiyuan, Changning and Weirong.