Related Articles
Forward article link
Share PDF with colleagues

Hess and PetroChina set for shale-oil push

US independent Hess and PetroChina have established a joint venture to explore and develop shale-oil reserves in northwest China’s Xinjiang region

The pair will appraise the shale-oil potential of the Santanghu Malang Trough, which spans 1,500 square kms in Xinjiang’s Turpan-Hami (Tuha) basin. The region’s possible and probable shale-oil reserves stand at 357 million tonnes or 2.6 billion barrels, according to a report by the official Xinhua news agency. The figure is almost double estimates given in a study carried out by China University of Petroleum last year for Petro China offshoot Tuha Oilfield Company. Shale-oil reservoirs in Santanghu are believed to lie in the Permian Lucaogou formation, which features complex rock types and alternating layers. It is understood the complexity of the shale poses a substantial technical challe

Also in this section
Senegal's offshore oil plans inch ahead
26 April 2017
Cairn seeks to manage expectations, as reserve estimates grow
Argentina looks to recapture Vaca Muerta shale momentum
26 April 2017
Investment in Vaca Muerta has slumped. A deal between Shell and YPF shows government efforts may be turning things around
Latest licensing rounds
24 April 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses