Second shale gas PSC inked

BP today announced that it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation. The PSC, signed on July 27, covers an area of approximately 1,000 square kilometers at Rong Chang Bei in the Sichuan Basin. In Mar 2016, BP and CNPC signed their first shale gas PSC on the adjoining Neijiang-Dazu block.