Asset report

Changbei

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Report summary

The Changbei tight gas field is in the Ordos Basin northern Shaanxi province. Shell developed Changbei's gas to mainly supply Beijing. A quick ramp up between 2007 and 2008 ensured the gas was fed into the capital during the 2008 Summer Olympics and was used to light the Olympic flame. In September 1999 Shell signed a Production Sharing Contract (PSC) with PetroChina to develop Changbei.

What's included

This report contains

  • Document

    Changbei

    PDF 6.23 MB

  • Document

    Changbei

    XLS 744.50 KB

  • Document

    Changbei

    ZIP 6.88 MB

Table of contents

  • Key facts
    • Summary
      • Phase Two development
      • Operatorship handover
      • Surging gas demand and production uptick
  • Location maps
  • Participation
  • Geology
  • Well data
    • Chang-1 & 2
    • Changbei Phase Two
  • Reserves and resources
  • Production
    • Key development metrics
    • Further details
    • Changbei phase two
  • Infrastructure
    • Exploration Costs
    • Capital Costs
    • Operating Costs
    • Nationwide gas price reform
    • Gas price methodology
  • Fiscal and regulatory
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Gas Price
    • Exchange rate
    • Global Economic Model (GEM) file
    • Indicative technical valuations

Tables and charts

This report includes 25 images and tables including:

Images

  • Index Map
  • Changbei Map
  • Production Profile
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2018)
  • Remaining PV Price Sensitivities

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Fiscal and regulatory: Table 1
  • Cash Flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Exploration: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Sales contracts: Table 1
  • Economic analysis: Table 4

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