CHINA-ECONOMY: OIL & GAS
Sinopec announced on July 17, 2014, that the PRC Ministry of Land and Resources had verified proven reserves of nearly 107 billion cubic metres (bcm) in the Fuling shale gas field in Chongqing Municipality. As of June 30, daily output in 29 test wells in Fuling totalled 3.2 million cubic metres. Accumulated shale gas output from those wells reached 611 million cubic metres. |