China has the world's largest technically recoverable unconventional oil and gas reserves. To unlock the potential of China’s unconventional gas reserves, the Chinese government has unveiled a string of policies to boost production.
On December 31st, 2011, China National Energy Bureau officially released China's "the 12th five-year plan of Coalbed Methane’s development and utilization” (hereinafter referred to as the "Plan"). Plan point out that the national Coalbed Methane production will reach 30 billion cubic meters by 2015, which is 20 times more than the capacity of 2010.
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. On 21, January, 2013,China Ministry of Land and Resources awarded 19 shale gas blocks to 16 domestic companies which comprise six state-owned enterprises, eight enterprises owned by local governments and two private-owned companies .The total investment for all 19 blocks is expected to be Yuan 12.8 billion ($2.06 billion) within the first three years of exploration. In addition, the ministry of land and resources of China will start the 3rd round large-scale shale gas block auction in 2015. There is no doubt that the development of unconventional oil & gas will begin its golden period of development in China.
So building on the massive success of the past Seven Unconventional Oil & Gas Events, the 8th China Unconventional Oil & Gas Summit and Exhibition 2016 has generated a timely and strategic two-day program to discuss the promotion policies, investment and the exploration and production technologies in the field of coalbed methane & shale gas industry. This unique gathering will be a must-attend event for industry professionals by bringing together China national oil companies, energy regulators, IOCs, local oil service companies, international producers, suppliers, seismic, drilling and oilfield service companies.