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A closer look at China’s plans to unlock what could be the world’s biggest shale gas...

Mar. 11, 2013 6:05 PM ETSchlumberger Limited (SLB) StockCEO, HAL, SLB, PCCYF, SNPTYBy: Carl Surran, SA News Editor2 Comments
A closer look at China’s plans to unlock what could be the world’s biggest shale gas reserves shows shows 16 firms winning exploration rights in the latest auction had never drilled a gas well before. They have little idea about the costs, but they're "getting in early into what could be a huge market." It also offers the potential for lucrative contracts for specialist foreign firms such as SLB or HAL.

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