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PetroChina hits the gas in the Sichuan basin

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26 February 2014

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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  • PetroChina hits the gas in the Sichuan basin: Image 1
  • Sour gas project economics
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