China looks to shale and deepwater plays

摘要

As China’s onshore oil fields mature, its three state-owned big hitters (CNOOC, CNPC and Sinopec) “are looking to develop the country’s sizeable unconventional and deepwater reserves”, said consultants Douglas-Westwood. “Whilst more technically challenging to develop than historical oil and gas plays in northern China, these fields provide a chance to revive stagnant oil output, as well as boost China’s considerable gas potential,” said Matt Cook at the consultants’ London office.