The 4th Unconventional Hydrocarbons Summit
WhenNov 29, 2012 09:00 AM to
Nov 30, 2012 06:00 PM
China, estimated to have up to 30 trillion cubic meters of shale gas resource, is to host the 4th Annual Unconventional Hydrocarbons Summit later this year.
This unconventional gas event, to be held in Beijing in November 29-30, will focus on the business outlook for the shale and coal bed methane (CMBM) industries in China.
China has some of the largest shale gas potential in the world, but is still at a nascent phase of exploration, with the extent of commercially viable reserves unknown. Beijing has encouraged the development of shale gas and other unconventionals because domestic gas resources could allow the country to import less gas and reduce carbon emissions as gas replaces coal.
The government has clear goals for shale gas development: 6.5 bn cubic meters of annual shale gas production by 2015 and more than 60 bn cubic meters of shale gas production by 2020. To do this, it will have to learn how to well test and explore shale gas.
If fully developed, China’s shale resources could radically change the dynamics of supply for the world’s biggest energy consumer, just as shale gas has changed the situation in the US, the world’s largest producer of shale gas.
Shale gas is technically difficult to extract and China’s national oil companies are relatively new to unconventional extraction techniques. China has already been making in-roads into the sector. In 2009 it began its first venture into developing shale gas with the help of Royal Dutch Shell. In September 2010, China Petroleum Corp, better known as Sinopec, signed a deal with Chevron to develop shale gas targets near Guiyang City.
Sinopec is hoping to increase production from unconventional sources like shale gas and coal bed methane to approximately 2.5 billion cubic meters within the next five years. In the middle of October 2010, CNOOC announced a deal with Chesapeake Energy purchasing one-third of its shale assets in the prospective Eagle Ford shale play, located in South Texas.
The organizer, China Decision Makers Consultancy, said the event will illustrate the business outlook and focus on more in-depth technical solutions facing China’s CBM and shale gas industry.
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China Decision Makers Consultancy (CDMC) has operations across four places of Singapore, the Philippines, Shanghai, and Beijing in three countries, and is the earliest, most powerful and influential independent brand conference organizer.
For years, CDMC EVENTS has made notable achievements with painstaking efforts and developed a major national talent team of over 240 professionals for meeting initiation, meeting positioning, meeting product design, meeting channel marketing and other functions.