Sinopec's Fuling Shale Gas Field Production in H1 Sees Sharp Jump
Sinopec’s Fuling shale gas field in southwest China's Chongqing municipality has produced 2.7 billion cubic meters (bcm) of gas during the first six months of 2016.
According to sinopecnews.com the production achieved is twice the level recorded during the same period of 2015. Till June 30, 2016, gas sales have reached 2.6 bcm and Sinopec said both production and sales have overshot the targets set.
The first phase of Sinopec's Fuling shale gas field in Chongqing went into production last year.
Earlier this year, Sinopec announced it is aiming to produce 10 bcm of shale gas by 2020 from its Chongqing field. It further stated that the target is to have production capacity of 15 bcm by 2020.
China is working on building a substantial shale gas infrastructure. Despite many hurdles, the industry has managed to achieve significant progress in last few years. China’s recoverable shale gas reserves last year jumped 109 bcm to 130 bcm.
Ministry of Land and Resources (MLR) said country’s shale gas output reached 4.47 bcm in 2015, up almost 259 percent on year. However, last year’s production missed government’s target of 6.5 bcm.