Shell in JV to conduct China oil shale studies

ROYAL Dutch/Shell and China’s Bureau of Geological Exploration and Mineral Development in the province of Jilin is to conduct oil shale resource studies in the north-eastern area, according to reports.
Shell in JV to conduct China oil shale studies Shell in JV to conduct China oil shale studies Shell in JV to conduct China oil shale studies Shell in JV to conduct China oil shale studies Shell in JV to conduct China oil shale studies

It is understood if the reserves are of an economic size, trial exploration will be launched and this will be followed by commercial development should it prove viable.

Both Shell and the Bureau are targeting the establishment of a synthetic transportation fuels and power industry and the two partners will invest some US$30 million during the exploration phase, according to the AFX news agency.

China has the fourth largest oil shale deposits in the world at 31.57 billion metric tons with Jilin holding some 17 billion tons of those deposits. The largest shale deposit holder is the US, followed by Brazil and Russia.

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