With the launch of the second round of shale gas bidding, state-owned, foreign, and private capital have flocked to the field of shale gas development. An investment boom is spreading across the country, which is generally colder in the current economic downturn. In sharp contrast.

  With the opening of the second round of bidding for my country's shale gas prospecting rights to domestic and foreign social capital, an unprecedented shale gas development investment boom is currently starting in China. "Now the entire shale gas industry is experiencing turmoil." An industry insider said.

  The governments of Chongqing, Hunan, Henan, Anhui and other local governments regard shale gas development as an engine to stimulate local economic growth, and high-profile promotion of shale gas development investment. International energy giants such as Shell, BP, and Chevron announced that they will invest heavily in China's shale gas. Domestic private capital regards shale gas as an unprecedented huge gold mine, and does everything possible to participate in shale gas bidding. It can be seen that a turbulent shale gas investment boom is setting off everywhere, and shale gas investment has become the biggest hot spot for funds from all walks of life. Capital always flows to the places with the greatest potential and the most profit. Although there are risks in shale gas exploration and development, my country is short of oil and gas, and its dependence on foreign oil is nearly 60%. Natural gas also needs to be imported in large quantities. However, shale gas reserves are the largest in the world. Through the dazzling success of the US shale gas revolution, domestic and foreign capital has seen the huge potential and broad prospects of China's shale gas development.

  Attractive development prospects

  Natural gas, as a low-carbon clean fuel, is the direction of future energy development. In recent years, the U.S. shale gas revolution has sprung up, injecting a strong momentum into the global natural gas development and setting an example for the development of shale gas in my country. According to estimates by the U.S. Geological Survey, China’s technically recoverable shale gas reserves reach 36 trillion cubic meters, ranking first in the world. According to the assessment of the Ministry of Land and Resources, my country’s shale gas reserves are 25 trillion cubic meters, still Is the world's first. At present, my country's conventional natural gas reserves are only 5 trillion cubic meters. Comparing the two, the shale gas reserves are five times that of conventional natural gas. This means that my country's natural gas reserves have increased fivefold to 30 trillion cubic meters. Based on the current annual output of about 100 billion cubic meters, it can be developed continuously for 300 years, which shows the huge potential of shale gas development.

    The U.S. shale gas production has increased by 20 times in the past 10 years, surpassing Russia to become the world's largest natural gas producer and entering the door of "energy independence". This gives China a great incentive. The Chinese government has elevated shale gas development to the national energy strategy, and listed shale gas as an independent mineral. In February this year, it issued the "Shale Gas Development Plan (2011-2015)". In September, it promoted the second round of shale gas. Bidding for gas exploration, breaking the previous policy that oil and gas resources were monopolized by state-owned enterprises, fully opening up to various domestic and foreign investors, and actively promoting shale gas development. The active support of the government has made various domestic and foreign capitals eager to try, hoping to share the big cake of China's shale gas revolution. Shale gas development mainly includes four links: exploration, drilling, transportation, and application. From the perspective of technical reserves, investment funds, and policy frameworks, the time for commercial shale gas development in my country has gradually matured.

  Jiang Xinmin, deputy director of the Energy Economics and Development Strategy Research Center of the National Development and Reform Commission, recently stated that my country’s shale gas development has brought a very large investment demand. It is estimated that by 2020, the capital demand brought by gas well drilling alone will exceed 400 billion yuan. Hundreds of billions in infrastructure investment. At present, my country's main natural gas pipeline is 49,000 kilometers, only about 1/10 of that of the United States, and there is great potential for development.

  State-owned enterprises are the first

       to take the lead thanks to the policy convenience that China’s oil and gas resources are operated by state-owned enterprises in the past. In the distribution of shale gas resources in my country, 66% of shale gas blocks are in the oil and gas mining rights areas of PetroChina and Sinopec. The three major domestic oil companies have listed shale gas as the first place in their unconventional oil and gas resource strategies.

  On May 8 this year, Sinopec officially launched the "Fuling Da'anzhai Shale Gas (Oil) Production Demonstration Zone" project. Its goal is to build an annual shale gas production capacity of 300 million to 500 million cubic meters by the end of 2012, and reach 1 billion cubic meters per year. In addition, Sinopec is also conducting shale gas exploration and development in Sichuan, Guizhou, Hunan, Anhui and other places. It plans to produce 2 billion cubic meters of shale gas by 2015, accounting for about 1/3 of the national planning target. Leading the country in development and evaluation. PetroChina has also carried out the construction of pilot demonstration zones for shale gas development in Changning and Weiyun in Sichuan and Zhaotong in Yunnan. Currently, the Changning-Weiyuan block in Sichuan has been listed as a national shale gas demonstration zone. On the other hand, CNOOC has carried out preliminary shale gas exploration in Anhui and Zhejiang. Its first onshore oil and gas (shale gas) exploration project, the shale gas exploration project in the West Block of Lower Yangtze in Wuhu, Anhui, began seismic operations. The area of this block is over 4800 square kilometers.

  Recently, the National Development and Reform Commission approved the establishment of the “Yanchang Petroleum Yan’an National Terrestrial Shale Gas Demonstration Zone” with an area of 4,000 square kilometers and a built-up capacity of more than 500 million cubic meters. In 2011, Yanchang Petroleum undertook the demonstration project for the efficient development of shale gas in the southeast of Ordos Basin. It drilled my country’s first continental shale gas well and successfully fractured and produced gas. Up to now, 16 shale gas wells have been successfully drilled. In addition to oil and gas companies seizing opportunities for shale gas development, domestic coal and power giants have also begun to set foot in the shale gas industry. Henan CBM Company, which is mainly engaged in the development of unconventional natural gas such as coal bed methane, won the bid for the Yuqian Xiangxiushan shale gas exploration block in the first bidding for shale gas exploration rights in July 2011, covering an area of 2,038 square kilometers. On September 12 this year, the company signed a strategic technology alliance framework agreement with Halliburton Energy Services of the United States, which will carry out in-depth cooperation on the development and utilization of unconventional natural gas such as shale gas. Cooperating with foreign oil and gas companies and learning from foreign technologies to accelerate shale gas development is a strategy often adopted by domestic companies in shale gas development.

  Not long ago, Huadian Group and the Hunan Provincial Government reached an agreement to actively promote the investigation and evaluation of shale gas resources in Hunan, and select two favorable blocks in Xiangxi for exploration, development and comprehensive utilization of distributed energy demonstration areas. Construction. China National Nuclear Corporation also stated that it will discuss shale gas development cooperation with the Hunan Energy Bureau and actively participate in shale gas development in Hunan. In December 2011, Huaneng Group signed a contract with the Yunnan Qujing Municipal Government to develop shale gas and cooperated in the construction of a shale gas exploration and development test demonstration zone. The company also signed a shale gas cooperation framework agreement with Chongqing Energy Group and Chongqing Institute of Geology and Mineral Resources.

       International energy companies rush to deploy

       China is the world's most potential natural gas market. The powerful international oil giants with a keen business sense have already tasted the sweetness of the American shale gas revolution, and of course they will not miss the rare feast of my country's shale gas development. In recent years, well-known international energy companies have "curved" into the domestic shale gas development field through joint ventures with Chinese companies, rushed to the beach, and shared this attractive big cake.

       In November 2009, Shell and PetroChina signed the "Agreement on Joint Evaluation of Shale Gas in the Fushun-Yongchuan Block in the Sichuan Basin". This is my country's first shale gas cooperative development project. On October 8, Shell and Chongqing Energy Group signed an agreement to cooperate in the development of shale gas. Lin Haoguang, head of Shell China, said recently that Shell will invest at least US$1 billion in China to develop shale gas every year. In 2010, BP cooperated with Sinopec to conduct shale gas exploration in the Kaili block in Guizhou. In 2011, ExxonMobil and Sinopec also started joint geological research in the Wuzhishan block in southwest Sichuan. In February of this year, Chevron Petroleum Corporation of the United States announced that it had signed a joint venture agreement with Sinopec to conduct shale gas exploration in the Qiannan Basin of China. In addition, some foreign independent oil companies have also stepped in my country's shale gas exploration and development. Statoil and Eni Group of Italy are all negotiating with Chinese oil companies to develop shale gas. Even Wilbur Ross, a world-renowned non-performing asset investor and American billionaire investor, also came to join in the fun. He recently stated that he is cooperating with Chinese companies to participate in shale gas bidding. This shows the strong attraction of my country's shale gas to international capital.

       An overseas oil and gas executive recently revealed in an interview: "At present, many American shale gas mining companies are eagerly waiting for China's shale gas mining market to open up. They have the technology and hope to cooperate with domestic companies. Get a slice of the Chinese shale gas market.".

       On the stage of my country's shale gas development, international energy giants have all appeared. With these large international companies with strong financial and technical strength to help out, the climax of my country's shale gas revolution will not be far away. .

  Private enterprises are eager to try. The

  Chinese government regards the development of shale gas as a breakthrough and test field for reforming energy management policies and opening up investment in the energy sector. For domestic private enterprises, entering shale gas is an unprecedented opportunity to enter the domestic energy sector. Private capital from all walks of life is doing everything possible to participate in the second round of bidding for shale gas prospecting rights, all wanting to catch the head of my country's shale gas revolution. Shuttle bus.

  Shale gas has a wide distribution area, scattered reserves, and shallow burial, but it is difficult to extract and is very suitable for small and medium-sized enterprises for decentralized development. The shale gas revolution in the United States was promoted by thousands of small and medium-sized oil companies. At present, 85% of the shale gas in the United States is produced by these companies, not by large companies. In view of this, the Chinese government has decided to fully introduce social capital participation in shale gas exploration and development. In the second round of bidding for shale gas exploration rights, it is stipulated that all types of enterprises with qualifications and registered capital of more than 300 million yuan can bid. . "This is the first time that private companies have been allowed to enter the field of oil and gas exploration. Private companies can develop shale gas as state-owned oil companies, coal companies, and power companies as an equal subject. This is a very significant breakthrough." Ministry of Land and Resources Said Zhang Dawei, director of the Reserves Review Center. According to Zhang Dawei's earlier disclosure, more than 30 private companies have participated in the second round of shale gas exploration bid intention survey, and more than 70 companies are interested in signing up. A shale gas gold rush is rapidly heating up in the domestic private business community.

  At the beginning of this year, Xinjiang Guanghui Petroleum Co., Ltd., a subsidiary of Guanghui Holdings, has obtained the qualification for gas mineral exploration. In response to the second round of bidding, the company has reserved relevant talents and incorporated shale gas into the overall strategic planning of the company. Another private company, Honghua Group, has also organized a shale gas professional technical team, and added new business departments such as leasing and oil and gas engineering services to the company’s original structure. The functions of its departments are also centered on landing shale gas. And the emerging business of offshore drilling rigs. Anton Oilfield Services Company, a private company listed in Hong Kong, recently announced with Schlumberger, a well-known international oil service company, that it has recently established a joint oilfield services company to provide services for the development of shale oil and gas in China. The private companies listed on the domestic market such as Yongtai Energy, Jereh Co., Ltd., Kexin Electromechanical, Huibopu, and Hangmin Co., Ltd. have all stated that they are actively participating in bidding for shale gas exploration.

  In the face of the rapidly rising shale gas investment boom, some people have warned that huge investment in shale gas development also has great risks, and they believe that it is difficult for China to replicate the shale gas revolution in the United States. For example, although my country has abundant reserves of shale gas, compared with the United States, it has complex geological conditions, deep burial, and unsatisfactory preservation conditions, and the development technology requirements are higher. The lack of core technologies for shale gas development in domestic companies and insufficient infrastructure such as oil and gas pipelines will restrict my country's shale gas development. However, on the other hand, compared with the United States, which did not have any experience, the successful experience of shale gas development in the United States and Canada can be used for reference. It should be said that the risk of shale gas development in my country is smaller. Much.

  At present, governments at all levels from the central to local governments are actively promoting shale gas development. The shale gas investment boom is heating up, and the shale gas revolution seems to be irresistible.

Article source: 2012-12-21 16:12:21 Sinopec Magazin