Shale gas work sees progress
Print Edition
CHINA has made progress in developing shale gas equipment with core technologies, industry insiders said yesterday.
After three years of research and international cooperation, Northern Heavy Industries Group Ltd has developed multiple core technologies for fracking equipment, said Geng Hongchen, its chairman.
This has provided strong equipment support for the commercial exploration of shale gas, he said.
China has progressed in shale gas equipment development, said Li Zhibo, head of the design research institute of Shenyang-based Northern Heavy Industries.
The company will develop high-end core parts for fracking equipment, according to Li.
China has the largest recoverable reserves of shale gas in the world, and is targeting 6.5 billion cubic meters of production in 2015, a goal previously deemed difficult to meet due to slow commercial development practices.
China National Petroleum Corp, the country’s largest oil producer, now has nine wells running at its shale gas fields in Sichuan Province, with accumulated production of more than 80 million cubic meters. More than 110 other wells will be put into operation by the end of the second quarter of next year.
As the world’s largest energy user, China is looking to reduce its reliance on imported oil, coal and gas by tapping its rich shale reserves, but complicated pipeline access procedures and geology make its extraction difficult and expensive.
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