A major breakthrough in shale gas exploration last year

Abstract On April 6, the Ministry of Land and Resources held a press conference to announce the new reserves of major mineral resources in China in 2015. According to Yu Haifeng, Director of the Department of Mineral Resources Reserves of the Ministry of Land and Resources, during the “Twelfth Five-Year Plan” period, China’s shale gas exploration...
On April 6, the Ministry of Land and Resources held a press conference to announce the new reserves of China's major mineral resources in 2015. According to Yu Haifeng, Director of the Department of Mineral Resources Reserves of the Ministry of Land and Resources, during the “Twelfth Five-Year Plan” period, China’s shale gas exploration has achieved major breakthroughs, with a total of 544.129 billion square meters of proven geological reserves.
According to reports, in 2015, the national shale gas exploration has newly added proven reserves of 437.379 billion square meters, and newly added proven technology recoverable reserves of 109.345 billion square meters. By the end of 2015, the remaining recoverable reserves of shale gas in the country will be 130.338 billion square meters. In addition, the national shale gas production in 2015 was 4.471 billion square meters, an increase of 258.5% year-on-year.
Yu Haifeng said that during the “Twelfth Five-Year Plan” period, China’s shale gas exploration has made major breakthroughs, with a total of 544.129 billion square meters of proven geological reserves. Since the official commercial development in 2014, the total output of shale gas in China has reached 5.718 billion square meters.
The press conference also announced the situation of coalbed methane. In 2015, the newly discovered provenance of coalbed methane exploration in the country was 2.634 billion square meters, and the newly added proven technology reserves were 1.317 billion square meters. By the end of 2015, the remaining recoverable reserves of coalbed methane in the country will be 306.341 billion square meters.
It is reported that. In 2015, the national coalbed methane production was 4.425 billion square meters, a year-on-year increase of 24.75%. During the “Twelfth Five-Year Plan” period, the accumulated proven geological reserves of coalbed methane in China totaled 350.489 billion square meters, an increase of 184.48 billion square meters from the “Eleventh Five-Year Plan”, an increase of 111.1%.

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