Shale gas research base for Sinopec

Source:Reuters Published: 2017/3/1 22:03:40

Sinopec Corp has started building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reported on Wednesday.

The company, looking to cement its position as China's leading shale gas developer, plans to spend 339 million yuan ($49 million) on the facility near its Fuling shale project near Chongqing, according to a report by cnpc.com.cn.

Sinopec spokesmen were not immediately available for comment.

The center will also be used to oversee the expansion of the Fuling field's production capacity, the report said.

The Fuling project is China's largest commercial shale gas discovery now under production, with output estimated at about 5 billion cubic meters last year.

Reuters

Posted in: COMPANIES

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