BP signs shale PSC with CNPC

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Report summary

On 31 March BP and CNPC signed a PSC for the Neijiang Dazu shale gas block in the Sichuan Basin with CNPC as operator. This marks the second shale PSC in China between an IOC and CNPC following Shell's Fushun Yongchuan agreement in 2012.However unlike Shell's PSC BP will be a non operator in the Neijiang Dazu block.

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    BP signs shale PSC with CNPC

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  • Neijiang-Dazu block is located adjacent to a number of ongoing shale developments

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