industryterm:shale gas production

#Total Reinforces Its Position In Deepwater #Gulf_Of_Mexico By Entering The Anchor Discovery | total.com
▻https://www.total.com/en/media/news/press-releases/Total-Reinforces-Its-Position-In-Deepwater-Gulf-Of-Mexico-By-Entering-The-Anc

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Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico (GoM), USA. The deal also includes a 12.5% interest in the nearby exploration block Green Canyon 761, where Total already has a 25% interest.
 
“The entry in the Anchor discovery further increases Total’s footprint in deepwater Gulf of Mexico. It follows our entry in seven exploration prospects located in the promising Wilcox (Central GoM) and Norphlet (Eastern GoM) plays thanks to an agreement signed with Chevron last September, and in the Jack field where the Group will acquire a 25% interest as part of the Maersk Oil deal”, stated Arnaud Breuillac, President Exploration & Production at Total. 
 
Discovered in the Wilcox play in 2014, Anchor is located approximately 225 kilometers off the coast of Louisiana in more than 1,500 meters of water. Additional prospective resources have been identified in the Anchor vicinity, strengthening the potential of the asset.
 
Anchor is operated by Chevron (55%) alongside Cobalt (20%), and Venari (12.5%).
 
Total Exploration & Production in the United States
 
Total has been active in Exploration & Production in the United States since 1957.
 
In the Gulf of Mexico, Total focuses on the deepwater domain with participations in two producing fields, Tahiti with 17%, operated by Chevron, and Chinook with 33.33%, operated by Petrobras, as well as in the discovery of North Platte with 40%, operated by Cobalt International Energy. As part of the acquisition of Maersk Oil company, Total will become a 25% partner in the Chevron operated Jack field. Total also holds participations in over 160 exploration leases.
 
Onshore, Total operates about 100,000 barrels of oil equivalent per day (shale gas production) in the Barnett play and is a 25% participant in a JV operated by Chesapeake in the Utica shale play.

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pour mémoire…

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Gas hungry China trims back shale goal — RT Business
▻http://rt.com/business/188756-shale-gas-china-goal

China has halved its 2020 goal for shale gas production. The country faces challenges ranging from difficult geology to shortage of technology in the area meant to quench its ever-growing energy needs.

The country is only starting mass production of shale gas, which drastically changed the energy landscape in the US in recent years, with the extraction of 200 million cubic meters annually.

In 2012, when Chinese shale gas production was virtually non-existent, Beijing eyed an ambitious goal of 60-80 billion cubic meters (bcm) by 2020, but the latest plans from the Ministry of Land and Resources on Wednesday lowered it to more conservative 30 bcm. A higher figure is possible, but conditional.
(…)
But the industry is still hurdled by several problems, including complex geology, shortage of advanced technology and skilled personnel and regulation barriers. There is also the dominating position of two state-owned giants, PetroChina and Sinopec, which enjoy a privileged access to fields discouraging private investment.

China has been relying for decades on coal for the majority of its energy production, is undergoing a switch towards cleaner gas. The country is expected to consume some 311 bcm of the fuel by 2020, with conventional domestic production supplying only 200 bcm. Shale gas was hoped to reduce the dependence on gas imports.