Sinopec’s Fuling shale gas production capacity expected at 1.8 bcm this year

China’s state owned energy major Sinopec’s average daily shale gas production at Fuling field in Sichuan Basin hit 3.2 million cubic meters by the end of June, the company said in its annual result statement released last week.

Following the significant breakthrough in the Fuling shale gas exploration project and after trial development and appraisal, the company has set an overall production capacity target of 10 billion cubic meters for the Fuling shale gas field, and a planned capacity of 5 billion cubic meters per year for the first phase.

In accordance with the guidance of overall deployment and step-by-step development, the first project in the first phase, which is the North Block development, is scheduled for 2014, the company said.

This project mainly consists of drilling 91 new wells and constructing shale gas gathering and transmission facilities. The new production capacity is expected to be 1.8 billion cubic meters for this year.

Last month, Sinopec’s Fuling field was verified by Chinese government as country’s largest shale gas play.

China’s Ministry of Land and Resources verified proven reserves of nearly 107 billion cubic metres (bcm) in the Fuling shale gas field.

 

via Sinopec’s Fuling shale gas production capacity expected at 1.8 bcm this year.