Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

BP signs China fracking deal

fracking 2by3

BP has reached a fracking deal with the China National Petroleum Corporation (CNPC).

The energy giants signed a production sharing contract covering shale gas exploration, development and production in the Neijiang-Dazu block in China’s Sichuan Basin.

Covering an area of 1,500m2, the agreement represents BP’s first shale gas production sharing contract in China.

BP believes shale gas will account for a quarter of the total gas produced globally by 2035, and that China will become the world’s largest contributor to growth in shale gas production.

BP Group chief executive Bob Dudley said: “We are pleased to reach this significant milestone as part of our strategic partnership with CNPC, building on our successful cooperation in and outside of China.

“We will bring our worldwide experience to our first unconventional gas project in onshore China with CNPC. We will combine this with CNPC’s knowledge and experience to bring gas to China’s growing clean energy market.”

CNPC chairman Wang Yilin said: “By leveraging the parties’ complementary advantages, CNPC and BP will jointly realise the efficient development of unconventional resources.”

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Please note comments made online may also be published in the print edition of New Civil Engineer. Links may be included in your comments but HTML is not permitted.