Shell joins China coalbed methane project

Shell China Exploration and Production Company Limited has acquired a 55% equity interest in a coalbed methane venture in Shanxi Province and will take over as operator.

China’s Ministry of Commerce recently approved an agreement for Shell to acquire Verona Development Corporation’s majority equity position in a 30-year production sharing contract covering the North Shilou block, an area of 1,015 square kilometres in the eastern part of the Ordos Basin.