One-Page Deal Sheet
Eni, CNPC to Jointly Develop Sichuan Shale Gas
Eni S.P.A Petrochina Co. Ltd.
Announced Date
March 13,2013
Transaction Type
JV
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Eni and China National Petroleum Corp. (CNPC) signed a Joint Study Agreement for cooperation for the development of the Rongchang shale gas block, which covers about 2,000 square kilometers in the Sichuan Basin.
This area, closely located to the main consumption markets in China, has already been de-risked by research activities and production tests carried out in nearby blocks and has proven to be the most promising in the country to date.
The agreement will allow for the study of the area which will be conducted simultaneously with the negotiations for the signing of the Production Sharing…