Sec­ond shale gas PSC inked

China Daily (USA) - - BUSINESS -

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.

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