Friday, August 23, 2013

Shale gas industry policy has been developed to solve the overlapping tenements

National Energy Board, Yang Lei,Unconventional gas deputy director of oil and gas in 2013 yesterday, the international shale gas technology exchange meeting said, "shale gas industry policy" and "natural gas infrastructure operations management approach" have been prepared, will be released after the approval. This will solve the shale gas in the domestic policy is unknown, lack of pipe network problems, clearing the way for the development of shale gas.

Overlapping tenements will resolve within six months

The current domestic shale gas blocks, more than 70% overlap with the conventional gas mineral rights,Proppant shale gas was once considered an obstacle to development.

Geological Survey of Land and Resources, Deputy Director Cha Dong-Bo said, overlapping tenement area quit working in an orderly manner, last year there were 28 million square kilometers of overlapping tenement area is recovered, does not rule out re-sell these blocks through a tender exploration.

2012 second round of bidding, 20 block area of ​​200,000 square kilometers, an area of ​​280,000 square kilometers has been considered large.

Last year, the Department of Homeland issued "on the strengthening of the Ministry of Land exploration and exploitation of shale gas resources related to the management and supervision of work notice" (the "Circular 159"), for the management of overlapping mining rights set forth requirements.

According to "159 text", to encourage oil and gas blocks within the shale gas exploration and exploitation. Oil, gas mineral rights may, within the scope of its mining exploration and exploitation of shale gas,frac sand companies but must apply for changes to procedures or additional mining exploration and exploitation of minerals.

With shale gas resource potential for oil and gas exploration blocks, which do not carry out exploration for shale gas exploration, demonstration organized by the Ministry of Land, otherwise set shale gas exploration.

For oil, gas exploration inadequate investment, exploration prospects are uncertain but with blocks of shale gas resource potential, now people do not carry out exploration for shale gas exploration should quit.

Has been in the oil and gas mineral rights for shale gas block in the exploration and mining of mineral rights, should promptly apply for change or additional mining exploration and mining of minerals.

More than 70% of the tenement blocks overlap mainly held by CNPC and Sinopec conventional oil and gas mineral rights. Petroleum Exploration and Production Company New Energy Division Leihuai Yu on the "First Financial Daily" said, "No. 159" is mainly new shale gas mineral rights registration, you need to verify each company specific, it may takes long, from which oil's case, can be resolved within six months.

As for the recovery of shale gas mineral rights situation,hydraulic fracturing Lei Huaiyu analysis, 10,000 yuan per square kilometer natural gas tenements investment 30,000 yuan per square kilometer shale gas, totaling 40,000 yuan / square kilometer investment, not a problem.

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