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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (165698)3/21/2012 4:59:49 PM
From: Dennis Roth1 Recommendation  Read Replies (1) of 206181
 
Shell, CNPC ink first shale gas PSC in China for Fushun-Yongchuan block
Singapore (Platts)--21Mar2012/636 am EDT/1036 GMT
platts.com

Shell has signed a production sharing contract with China National Petroleum Corporation to develop the Fushun-Yongchuan shale gas block in Sichuan province, China, marking the first such agreement to be inked by a foreign company for a shale gas block in the country, Shell said late Tuesday.
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Shell, CNPC Sign China's First-Ever Shale Gas PSC
rigzone.com

Under the agreement, Shell will apply its "advanced technology, operational expertise and global experience" to jointly develop shale gas with state-controlled China National Petroleum Corp., the country's largest energy producer, over a 3,500-square-kilometer area in the Fushun-Yongchuan block in the Sichuan Basin, it said.
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