Sinopec reveals Fuling field production capacity goals

Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company said.

The company expects capacity to reach 1.8 bcm/year by yearend and 5 bcm/year by 2015. Current capacity is 0.6 bcm/year. The shale gas demonstration area has 21 wells.

Sinopec said the work signifies an “earlier-than-expected entry” into a large-scale development phase.

The field has reserves of 2.1 trillion cu m located at depths less than 4,500 m.

Sinopec said its Jiaoye 1HF discovery well in Chongqing in November 2012 marked “a significant breakthrough in shale gas exploration.”