Henan CBM seeking foreign shale partners

摘要

Chinese unconventional gas developer Henan CBM is set to split its Xiushan shale-gas block into four separate prospects that it plans to offer for joint exploration with foreign companies. Before any production sharing contracts (PSCs) are signed, though, Henan CBM will start drilling on its own at the original 2,039 square km block, which was awarded in China's first shale-gas licensing round last year. The block sits near the city of Chongqing and straddles Guizhou, Hubei and Hunan provinces, with potential shale-gas reserves of 500 billion cubic metres (cm).