Sinopec, ONGC, Pioneer Natural Resources and EQT Corporation Unite utilise the commercial potential of shale gas in Asia
Article Type: Industrial news From: Anti-Corrosion Methods and Materials, Volume 58, Issue 8
With President Obama’s visit to Mumbai expected to yield a shale gas co-operation contract with India, major US E&P companies have begun to look towards Asia as the next major shale gas business opportunity.
In response to this, major E&P companies from across the USA are beginning to source partners from across Asia and met with the major players from India, China and Indonesia in February. Shale Gas Asia takes the form of a major summit which also served as a forum for government regulators from India,China, Indonesia and the USA to explain how they will establish the regulatory framework for supporting the commercialization of shale gas in Asia.
The year 2011 is a critical year for shale gas development in Asia as Oil Minister Murli Deora hopes to reach an official international agreement shortly,“There have been some discussions […] we hope to sign a memorandum of understanding (MoU) during US President’s visit” which took place at the beginning of November.
Keynote speakers travelling from the USA included:
Scott Sheffield, CEO of leading US shale gas producer Pioneer Natural Resources.
Al Holcomb, Vice President of Strategic Planning for Lewis Energy Group.
Lindell Bridges, Senior Vice President of Geosciences, EQT Corporation.
Chris Faulker, CEO of Breitling Oil and Gas.
Presenters from Asia included:
Zhiliang, Vice President, E&D Research, Sinopec (China).
P.K. Bhowmick, Executive Director, K.D.M.I.P.E, ONGC (India).
Harmen Rashid, Senior Manager of Petroleum Geoscience, PT Medco, E&P Indonesia (Indonesia).
The Ministry of Land and Resources, Indonesia, Directorate of Hydrocarbons,India, the Indonesian Geological Survey and the US Department of State were also overseeing proceedings.
The summit aimed to combine the local expertise of Asian E&P companies with the technical experience of the US shale gas production specialists to maximise the commercial viability of extracting shale gas in Asian territories.
Further information can be found from: www.shale-gas-asia.com
