It is extremely worthy noting that according to the reserves of the conventional energy which have already been proved up, the oil production will continue for 40 years, and for natural gas it is 70 years and the number referring to coal is 190 years. As the exhaustion of the conventional energy resources, the unconventional oil and gas markets are booming at present.
On December 31st, 2011, China National Energy Bureau officially released China's "the 12th five-year plan of coalbed methane's development and utilization “which point out that the national CBM production will reach 30 billion cubic meters by 2015, which is 20 times more than the capacity of 2010. And a few days later, State Council approved the shale gas became the No. 172 minerals, these documents explicit the exploration rights of shale gas is not then subject to the oil and gas franchise. On 16th, March, 2012, China national energy bureau officially released the “China Shale Gas Development Plan (2011-2015)”which point out that the national shale gas production will reach 6.5 billion cubic meters by 2015 and aim to reach 60-100 billion cubic meters by 2020.And this plan also point out many financial and tax policies to support the development of shale gas and draw up 19 key E&P area of “12th five year plan”. There is no doubt that the development of unconventional gas will begin its golden period of development in China.
With this special background ,The Unconventional Oil&Gas Summit·China 2012 has generated a timely and strategic two-day program to discuss the promotion policies and the markets of the unconventional energy industry , the leading development experience and advanced technologies. This unique gathering will be a must-attend event for global commercial and technical professionals in unconventional oil and gas industry.