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LONDON, June 11 (Reuters) State of the art American fracking technology Canada Goose Coats On Sale is coming to China vast shale deposits as a result of a canada goose clearance sale joint venture between FTS International and Sinopec announced on Tuesday.
canada goose outlet SinoFTS, as the joint venture will be called, marks an important milestone on the road to exporting the North American shale revolution around the world. canada goose outlet
canada goose outlet new york city FTSI, formerly known as Frac Tech, was one cheap Canada Goose of the first providers more than a decade ago of hydraulic fracturing equipment and services in the Texas Barnett shale, the first shale basin to be developed in the United States. shale Canada Goose sale formations, including pressure pumping, wireline logging and water management. canada canada goose goose outlet new york city
FTSI has started to export its expertise Canada Goose Jackets around the world through a series of strategic alliances. Since 2012, it has concluded joint ventures with local partners in Brazil as well as Saudi Arabia and Oman.
canada goose outlet reviews Other specialist shale drilling and fracking firms are also taking their first steps overseas. canada goose outlet reviews
In March, Helmerich Payne, one of the largest drillers in North America, announced it will transfer 10 of its modern FlexRigs to exploit Argentina Vaca Muerta shale under a five year contract with state owned YPF, which has Canada Goose Outlet teamed up with Chevron (Platts Energy Economist, May 1).
Royal Dutch Shell is developing plans with local partners to produce shale gas from beneath South Africa Karoo canada goose coats semi desert wilderness.
goose outlet canada But this is the first time that a specialist hydraulic fracturing firm from North America has entered the Chinese market. goose outlet canada
TECHNOLOGY TRANSFER will serve both Sinopec Canada Goose online and other exploration and cheap canada goose uk production companies throughout China, FTSI announced.
The joint venture will initially concentrate on Sichuan, China most promising shale play, with operations expected to commence there in 2015, but it expects eventually to deploy its fleet of pressure pumping equipment to sedimentary basins throughout China.
canada goose outlet canada The joint venture will be based in Beijing and managed by a team of experts drawn from both countries. It is an important piece of technology and know how transfer. canada goose outlet canada
canada goose outlet toronto factory will use new equipment that FTSI will custom manufacture in the United States, featuring the latest innovations and adapted to the specific requirements of the Chinese environment, FTSI said in a press release. operations to evaluate a similar vertical integration model at SinoFTS. Energy Information Administration and Advanced Resources International in 2013. canada goose outlet toronto factory
China shale gas resources are half as much again as Argentina or Algeria and double the United States. ( recoverable shale oil and shale gas resources: an assessment of 137 shale formations in 41 countries outside the United States June 2013).
canada goose outlet jackets has abundant shale gas and shale oil potential in seven prospective basins, Advanced Resources explains. canada goose outlet jackets
canada goose outlet online More than half the technically recoverable resources lie in the Sichuan basin beneath Sichuan province and the neighbouring provincial level city of Chongqing in southwestern China. canada goose uk canada goose outlet online
canada goose outlet parka Sichuan has been producing natural gas from conventional fields for more than 2,000 years and the area has been the heart of China small onshore gas industry. canada goose outlet parka
canada goose jacket outlet The region has plenty of water for fracking, pipelines to transport the canada goose clearance gas canada goose uk outlet away, and well developed gas markets. canada goose jacket outlet
canada goose outlet in usa The basin contains at least three separate shale layers which are thought to be prospective for gas at various depths, ranging from the relatively shallow Permian period Changxing Longtan formations to the Longmaxi and the ultra deep Qiongzhusi. canada goose outlet in usa
In theory, drillers could target all three layers buy canada goose jacket in Canada Goose Parka the sort of stacked three for one play now common in Texas and North Dakota.
canada canada goose black friday sale goose outlet sale Like North Dakota Bakken, Sichuan shale formations were all deposited on the floor of ancient seas, rather than lakes, which makes them more attractive. canada goose outlet sale
canada goose outlet nyc Sichuan quartz rich, black shales of Cambrian and Silurian age. are roughly comparable to North American analogs, according to Advanced Resources. canada goose outlet nyc
All the formations are thermally mature or over mature, which means the hydrocarbons have been cooked beyond the oil stage and are now likely to yield mostly gas and condensates.
canada goose outlet uk sale The total organic content is a bit lower than in the most productive North American plays, ranging from 3 4 percent, but canada goose store coupled with the thermal maturity, there should be plenty of gas locked in the formations. Low clay content makes them good for fracking. canada goose outlet uk sale
canada goose outlet Canada Goose Online online uk GEOLOGICAL CHALLENGES Sichuan shale formations lie canada goose uk shop thousands of feet below the surface (up to three miles in some parts of the play) which makes them harder canada goose coats on sale but not impossible to tap canada goose outlet online uk.