State-owned CNPC (China National Petroleum Corporation) is aiming to produce 5.6 billion cubic metres (bcm) of shale gas by the end of this year from southwest Sichuan province. Last year China National Petroleum Corporation's output was three bcm and the company expects to ramp up total production to 15 bcm annually by 2020. The company plans to drill more than 330 wells in Sichuan Basin during 2018 to expand production to 820 shale gas wells by 2020, while a China National Petroleum Corporation report revealed the company produced 89 billion bcm of natural gas from conventional domestic sources last year.
State-owned China National Petroleum Corporation (CNPC) is aiming to produce 5.6 billion cubic metres (bcm) of shale gas by the end of this year from southwest Sichuan province. Last year CNPC's output was three bcm and the company expects to ramp up total production to 15 bcm annually by 2020. The company plans to drill more than 330 wells in Sichuan Basin during 2018 to expand production to 820 shale gas wells by 2020, while a CNPC report revealed the company produced 89 billion bcm of natural gas from conventional domestic sources last year.