Shell has signed China's first shale PSC and set the framework for future awards. The terms are likely to be similar to those that govern conventional plays, meaning that gas price reform remains key to delivering full-scale commercial production.
Table of contents
Shell's Fushun report card
A watershed for Chinese shale?
Shell's special relationship - fortune favours the brave
An important step forward for CNPC and China
Tables and charts
This report includes 2 images and tables including: