Canadian blocks start up
By Du Juan | China Daily | Updated: 2013-03-20 07:30
Two shale gas blocks owned by Chinese private company Yantai Jereh Oilfield Services Group Co in Canada's Central Alberta region have started production, the company said on Tuesday.
In September 2012, the company bought 64 shale gas blocks in Canada for about 57.12 million yuan ($9.08 million) through its Canadian subsidiary Hitic Energy Ltd.
As the only Chinese company exporting complete sets of shale gas development equipment to the North American market, Yantai Jereh is not only interested in manufacturing, but also in the exploration of upstream resources, Jiang Xiaobao, the company's vice-president, told China Daily at the 5th International Petroleum Summit in Beijing.
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