China starts first shale project

China National Offshore Oil Corp (CNOOC) has reportedly begun preparatory work on its first onshore shale project. The Chinese giant is said to be exploring a 4,800- square kilometre block […]

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By Tom Gibson

China National Offshore Oil Corp (CNOOC) has reportedly begun preparatory work on its first onshore shale project. The Chinese giant is said to be exploring a 4,800- square kilometre block in the east of the country.

According to Reuters, China has set a target to pump 6.5 billion cubic metres by 2015 and 80 bcm by 2020, the equivalent of around 80% of the country’s total gas output in 2011.