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Rigzone analyzed the shale gas opportunities in China.
Rigzone analyzed the shale gas opportunities in China.
The market news is quoted as saying:
China’s three national oil companies (NOCs) – China National Petroleum Corporation, China Petroleum & Chemical Corporation, and China National Offshore Oil Corporation – continue to dominate the sector. While some opportunities are arising for U.S. companies to work offshore China or partner with the NOCs, these opportunities are typically only available to the largest, integrated and/or specialized international oil companies.
Meanwhile, oilfield service companies should see a substantial increase in demand for their services for shale and coals seam gas development in China, as the Chinese oilfield service industry will likely need outside help. Large, diversified oilfield service companies that are currently involved with the North American shale boom will be particularly well positioned for an unconventional gas boom in China.