ConocoPhillips is looking into expanding its China operations to include shale gas, a company executive said Tuesday.
A move by ConocoPhillips [ticker COP] would help China, a country with no commercial shale gas production in 2011, along on its ambitious target to produce 229.5 billion cubic feet a year of shale gas by 2015. ConocoPhillips, which currently holds stakes in Chinese offshore drilling projects, is "looking into expanding into shale" in the country, Mark Nelson, ConocoPhillips's vice president of commercial and sustainable development, told Dow Jones Newswires.
Mr. Nelson spoke on the sidelines of the U.S.- China Oil & Gas Industry Forum in San Antonio, where Chinese government officials and energy executives met with their U.S. counterparts to discuss....Read the entire Rigzone article.
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