Shale gas revolution and China

China  shale gas  development time is very short, roughly experienced learning to understand, resources survey and evaluation, and policy development and testing of follow-up in three phases until 2010 really into shale gas drilling, fracturing operations. It is reported that China has shale gas wells more than 90 ports, mainly in exploration and exploitation of the Sichuan Basin, some wells have gained a very good production results. However, due to the late start mining technology, now, China shale gas drilling cycle time and cost are the United States three times and 10 times. Recently, in southwest China's Chongqing Municipality Pengshui County portion of news release, the county Peng page HF-1 well after nearly a year of fracturing test, recently has entered the normal gas phase, at present, this block has a total over 500,000 cubic meters of gas, there are more than 10,000 cubic meters per day of natural gas into the surrounding counties of residents of the home and vehicle refueling stations. Sinopec East Branch pengshui unconventional project work area commander Natsumi help, said: "Peng page a test mining wells present case shows pengshui region has good shale gas exploration, development prospects,frac sand companies the next step we will increase exploration, development efforts, to contribute to the development of shale gas. "

With China shale gas development gradually warming up, some of the core technology of international energy giants have come to Pathfinder, China National Petroleum Corporation and the Dutch Shell China Exploration and Production Co., signed in April this year, its first shale gas abroad production sharing contract. Earlier, BP and Chevron separately announced that it has signed a cooperation agreement with the Chinese company will carry out exploration or development in China. Compared with the international developed markets, China has not yet formed the core technology system development, therefore seek cooperation with international oil companies will be China's shale gas development a shortcut. Shell China Group Chairman Xi Haibo said: "The international oil companies involved in shale gas development in China and Chinese companies can not only share in the development of shale gas around the world experience, but also provide technical information to ensure long-term mining safety, so in order to ensure the success of shale gas is mined. "

In Haibo view, China's shale gas development in the initial stage, whether it is investing in the development or production applications, the outlook is very bright. "China's unconventional energy field more than one billion U.S. dollars of investment and development prospects are very good, if you count all of the gas species,Hydraulic fracturing is currently in China natural gas production accounted for 4% of total energy production, while in North America, this proportion is over 25%, while more than 40% in Europe, so from the future global energy consumption growth trend, I believe that the future of shale gas on the Chinese energy sector is very important. "

Although the U.S. shale gas exploitation was named for the energy revolution, but more accurately say this is actually a technological revolution. Humans have long known about the existence and value of shale gas, but until recent years gradually developed mining technology. Over the past few decades, the energy industry has been exploring the conventional oil and natural gas outside of the various possible, these explorations is a small part of shale gas, shale gas development has now bloom result, the new technology can finally be applied Business. When large-scale commercial development of shale gas in China successfully achieved when the new energy revolution, or will pull China and the world economy every link.