Insight
PetroChina hits the gas in the Sichuan basin
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Report summary
PetroChina has announced its development plan for a giant gas find in its Moxi block in China’s Sichuan Basin. Gas-in-place for the Anyue field have been estimated at 15.5 tcf of gas, with 10.9 tcf of “ technically recoverable” reserves. If further development drilling confirm reserves at this scale, it would be hugely significant for PetroChina and a vindication of its strategy of focusing on conventional opportunities rather than the much-hyped shale potential in the Sichuan Basin.
Table of contents
- Discovery to pilot development in three years
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Pilot development is well underway
- China domestic conventional & tight gas production
- Attractive economics?
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A sense of cautious optimism
- Top 10 gas discoveries since 2010
- Appendix - Economic Assumptions
Tables and charts
This report includes the following images and tables:
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PetroChina hits the gas in the Sichuan basin: Image 1Sour gas project economicsPetroChina hits the gas in the Sichuan basin: Image 2PetroChina hits the gas in the Sichuan basin: Image 3
What's included
This report contains:
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