BP wants to participate in China's shale gas development

David Ayton, chief technology officer of BP, a world-renowned energy company, said in Beijing on the 31st that China's shale gas development is still in its infancy, and that large-scale commercial development will take a long period of time. BP has extensive experience in the exploitation of unconventional oil and gas resources in North America and hopes to participate in the development of shale gas in China. David Ayton said in an interview that BP is currently negotiating with some Chinese companies, but China's shale gas development is still in its infancy, and there are still many uncertainties that require geology of shale gas storage in China. The situation is more in-depth understanding and research. As shale gas development is put on the agenda at the policy level, China's shale gas development is accelerating. Insiders pointed out that there are two major difficulties in the commercial development of shale gas in China: First, compared with North America, there are certain differences in the formation, enrichment and preservation conditions of shale gas in China. It is necessary to establish a set of shale gas formation geology suitable for China. Characteristics of evaluation criteria and technical methods. Second, at present, China's shale oil and gas exploration and development mainly uses foreign technology, tools, materials and equipment, and there are technical barriers, and the cost remains high. David Ayton pointed out that compared with the United States, the success of commercial development of shale gas in China depends on four factors. First, the geological structure of shale gas storage in China is different from that in the United States. Whether it is possible to make breakthroughs in mining technology and convert resources into production is a concern of the industry. Second, can China establish the industrial infrastructure capabilities needed for shale gas development and transportation? Third, whether it is possible to establish regulations, policies and mechanisms that are conducive to the development and utilization of shale gas, including the price mechanism. Fourth, whether full social recognition can be achieved involves the public support for environmental discussions on shale gas development.

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