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5 Pages

PetroChina hits the gas in the Sichuan basin

PetroChina hits the gas in the Sichuan basin

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.

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  • Discovery to pilot development in three years
  • Pilot development is well underway
    • China domestic conventional & tight gas production
  • Attractive economics?
  • A sense of cautious optimism
    • Top 10 gas discoveries since 2010
  • Appendix - Economic Assumptions

In this report there are 4 tables or charts, including:

  • Discovery to pilot development in three years
    • PetroChina hits the gas in the Sichuan basin: Image 1
  • Pilot development is well underway
    • PetroChina hits the gas in the Sichuan basin: Image 2
  • Attractive economics?
    • Sour gas project economics
  • A sense of cautious optimism
    • PetroChina hits the gas in the Sichuan basin: Image 3
  • Appendix - Economic Assumptions
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