Shell drills 17 wells in China, eyes big spend -CEO

Reuters Africa

BEIJING, March 20 (Reuters) – Royal Dutch Shell (RDSa.L: Quote) is drilling 17 wells in China, including for tight gas and shale gas, Chief Executive Peter Voser told Reuters on Sunday.

If the drilling is successful, Shell aims to spend $1 billion a year over the next five years on shale gas in China, he said on the sidelines of a forum, adding that it was already spending $400 million on unconventional gas in China this year.

(Reporting by Chen Aizhu)

� Thomson Reuters 2011 All rights reserved

SOURCE ARTICLE

*This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment, the Shell DPA Files, "Shell and the Spies", the Shell Leaks files, the Independent Shell Archive, as well as books written and published by John Donovan - Kindle eBooks. Timeline of the Donovan Shell Feud. Toxic History of Royal Dutch Shell Group. Shell and the Donovans: The Full Media Record — 550+ Articles, 110 Books, 40 Years. *All conjured up by internet wizz, Nick Gill.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.