Shell drills 17 wells in China, eyes big spend -CEO
Mar 22nd, 2011
by John Donovan.
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
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Posted in: China, Gas, Peter Voser, Reuters, Royal Dutch Shell Plc.
Tagged: China · Gas · Peter Voser · Royal Dutch Shell Plc · Shale Gas
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