Page 13 - AsianOil Week 41 2021

AsianOil NEWS IN BRIEF AsianOil

APPEA Chief Executive Andrew
McConville said the versatility of natural
gas was underscored by the different roles it
was forecast to play across the four scenarios
outlined in the IEA outlook.
“In every scenario outlined by the IEA
natural gas has a critical role to play in
Asia through coal-to-gas switching, carbon
capture, use and storage (CCUS), hydrogen
production, supporting renewables, and the
rise of low-carbon gases.
“Natural gas is a constant in our future
– from the Stated Policies* scenario which
Mahato PB-06 production main component of shale gas is methane, sees world demand growing by 28% to 2050,
a clean and efficient energy resource and
to the Approved Pledges* and Sustainable
well online industrial chemical, widely used in residential Development* scenarios where natural gas
gas, urban heat supply, power generation,
plays a key role in coal-to-gas switching
Oil production well PB-06 in the Mahato PSC, automobile fuel, and chemical production. in Asia and evolves to a platform for
Indonesia, has been successfully drilled and The Sinopec Fuling shale gas field has a daily technological developments and new fuels,
completed and is producing approximately gas production that reaches 20 million cubic and finally to the NZE* scenario where
800 barrels of oil per day (bopd). meters today and can meet the gas demands of natural gas continues to contribute to lower
The well is the sixth production well 40 million households, contributing to a rapid emissions in key demand centres in Asia and
drilled in the PB field and was completed transition to clean energy, ensuring the national to the production of hydrogen.
as an oil producer in the Bekasap C sands. energy security and helping to achieve peak “Every scenario represents an opportunity for
As with other production wells in the field, carbon neutrality goals. Australia with high paying, skilled jobs, export
the Bekasap B sand is interpreted to be Field shale gas Fuling is within the district dollars and taxation revenue to governments for
hydrocarbon bearing and is a candidate for of Fuling of the city of Chongqing and is one decades,” Mr McConville said.
future production. of the gas sources key to the Sichuan-East APPEA, October 13, 2021
Total production from the PB field is pipeline in China and one of the foundations
approximately 4400 barrels of oil per day with for the promotion of Sinopec popularizing Senex releases
the inclusion of PB-06. The oil is sold on a the gas the economic belt of the Yangtze
Dated Brent price basis with approximately a River. Construction of the gas field began Decarbonisation Action
two dollar per barrel discount. in December 2012 and at that time was the
Two additional development wells, PB- world’s first major commercial shale gas Plan
07 and PB-08 are planned for this drilling discovery outside of North America. The
campaign to complete phase 1 of the Plan of project entered commercial development Senex Energy has today announced the
Development. The results of the 6 wells drilled ahead of schedule in March 2014 and became release of its Decarbonisation Action Plan
to date indicate further development potential China’s first large-scale shale gas field with that details its ambition to reduce greenhouse
in the field, which is currently under review. commercial development. It also converted gas (GHG) emissions across its operational
CUE ENERGY RESOURCES, October 13, 2021 China the third country in the world to footprint to net zero by 2040, with transparent
achieve commercial shale gas development and bold near-term emissions intensity
after the United States and Canada. reduction targets.
EAST ASIA SINOPEC, October 11, 2021 Senex supports the objective of limiting the
global temperature rise to well below two degrees
Sinopec Fuling shale gas OCEANIA Celsius and has defined its ambition, targets and
actions over the short, medium and long term to
field sets new cumulative APPEA: Gas demand in Asia reduce GHG emissions across the full value chain.
Managing Director and CEO Ian Davies
production record said in a video statement that Senex is
committed to supporting the global transition
Sinopec’s Fuling shale gas field, the first will continue to deliver to a cleaner energy future and low-carbon
commercially developed and exploited large- opportunities for Australia economy.
scale shale gas field in China, announced on “Natural gas is integral to meeting demand
October 8 that it has produced 40 billion cubic Demand for natural gas in the fast-growing for reliable and affordable energy and we are
meters of shale gas, thereby setting a new Asian market continues to provide an focused on being the natural gas supplier of
record for cumulative shale gas production in economic opportunity for Australia, choice through the transition.
the country. The constant supply of a green gas according to the International Energy Agency “We plan to expand our valuable natural gas
source has benefited more than 200 million (IEA). business to deliver 60 PJe per year by year-end
residents in more than 70 cities in six provinces The IEA’s World Energy Outlook FY25 and, at the same time, materially reduce
along the Yangtze River Economic Belt. highlighted that as the global energy market the carbon intensity of our operations and use
Shale gas is an unconventional natural gas is being reshaped to meet emissions reduction our knowledge and technology to help our
that exists in organic-rich mud shale and its commitments, natural gas remains an customers to do the same,” Mr Davies said.
interlayers in an adsorbed or free state. The important part of a cleaner energy future. SENEX ENERGY, October 11, 2021

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