The hottest shale gas bidding is popular in the ca

2022-08-11
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Shale gas bidding is popular in the capital market and needs to promote commercial development

the second round of shale gas bidding in China, which has attracted much market attention, has been officially launched since September, and the bid evaluation meeting officially began on October 25. During this period, shale gas concept stocks were popular in China's capital market

experts said that although China's shale gas development prospects are considerable, there are still many challenges and risks in the immediate exploration and development. China should establish a new operation mode, speed up technological breakthroughs, explore a path of collaborative innovation and cooperative development, and promote the process of commercial development of shale gas in China

the second round of shale gas bidding has driven the popularity of relevant concept stocks

this bidding involves a total of 20 Bidding Blocks in 8 provinces and regions including Guizhou, Hunan and Hubei, and the validity of the bidding blocks is 3 years. Since the launch of the second round of bidding for shale gas exploration rights in China, seven listed companies in China's A-share market have disclosed the announcement of participating in the second round of bidding for shale gas

although it is still unknown whether they can win the bid, the share prices of the seven listed companies rose as of the closing on October 24 after the announcement, and two of them rose by more than 20% in total

from the participation mode of these seven listed companies, due to the provisions of shale gas bidding, bidders should have the qualification of oil and gas or gas mineral exploration, or have established cooperative relations with enterprises and institutions with the qualification of oil and gas or gas mineral exploration. Among the seven listed companies, only Guanghui energy has the qualification of gas mineral exploration, and the other six companies are looking for partners with qualifications related to oil and gas exploration

according to the sequence of announcement disclosure, Yongtai energy () announced on September 6 that Shaanxi Yihua Mining Development Co., Ltd., a subsidiary of the company, cooperated with Xi'an Geological and mineral exploration and Development Institute of Shaanxi Bureau of Geology and mineral resources to participate in the second and subsequent rounds of shale gas exploration right bidding. From the announcement to the closing on October 24, Yongtai energy's share price rose by 24.3%

huibopu () announced on September 12 that the company has cooperated with the geophysical exploration company of Sinopec Henan Petroleum Exploration Bureau and Heilongjiang Longmei geological exploration Co., Ltd. and will participate in the second round of shale gas bidding. From the announcement to the closing on October 24, huibopu's share price rose by 2.5%

Guanghui energy () announced on September 18 that Xinjiang Guanghui oil company, a subsidiary of the company, took part in shale gas bidding in the mode of separate bidding, and Guanghui oil has obtained the qualification for gas mineral exploration (class B) on February 10, 2012. From the announcement to the closing on October 24, Guanghui energy's share price rose by 13.1%

Zhongtian urban investment () announced on September 25 that it plans to bid for Guizhou block in this round of shale gas bidding in cooperation with enterprises subordinate to Shandong Coal Geology Bureau. It is understood that five blocks in Guizhou have entered the scope of this round of shale gas bidding, with an average area of about 1000 square kilometers. The minimum cumulative exploration investment for a single block should be more than 90million yuan. From the announcement to the closing on October 24, Zhongtian Chengtou's share price rose 11.5%

Hubei energy () announced on September 28 that it had signed a cooperation agreement with Beijing Dadi high tech coalbed methane engineering technology research institute to bid for the Xianfeng block and Hefeng block in Laifeng, Hubei Province in this round of shale gas bidding. Among them, the area of Laifeng Xianfeng block is about 369.23 square kilometers, and the area of Hefeng block is about 2306.71 square kilometers. From the announcement to the closing on October 24, the share price of Hubei energy rose by 8.6%

Haiyue shares () announced on October 17 that it had cooperated with Zhejiang Nonferrous Metal Geological Exploration Bureau and other companies to participate in shale gas bidding. From the announcement to the closing on October 24, the share price of Haiyue shares rose by 9.2%

Hangmin shares () announced on October 19 that it would cooperate with the seventh Geological Brigade of Zhejiang Province to participate in shale gas bidding. Subsequently, the company's share price rose by the limit on the 19th and 22nd trading days. From the announcement to the closing on October 24, the stock price of airmen shares rose by 21.8%

China Merchants Securities machinery and equipment industry analysts said that in addition to listed companies that directly participate in shale gas bidding, equipment listed companies related to shale gas exploration and development, such as Jerry shares (), are also expected to benefit from the development of China's shale gas market

there are still multiple challenges in China's shale gas exploration and development

in July 2011, China's first shale gas bidding adopted the invitation to bid system, and the invited enterprises are central enterprises and state-owned enterprises such as PetroChina, Sinopec, CNOOC, Yanchang Petroleum, Zoomlion coalbed methane, Henan coalbed methane, etc. Compared with the first round of shale gas bidding, the second round of shale gas bidding has further liberalized private capital and foreign capital (Sino foreign joint ventures)

although China's rich shale gas resources and the continuous opening of shale gas bidding rights have attracted extensive attention and active participation of private capital and foreign capital. However, experts believe that at present, the exploration and development of shale gas in China is difficult, and all kinds of capital, especially private enterprises, still face many challenges in participating in shale gas development

Jiang Xinmin, deputy director of the energy economy and development strategy research center of the national development and Reform Commission, said that private enterprises have a low level of resource mastery and familiarity with the oil and gas field. In addition, the investment cost of shale gas development in China is high, and only large private enterprises with abundant funds can have the corresponding anti risk ability

According to Jiang Xinmin, shale gas reservoirs in China are generally deeply buried, and the overall generation conditions are not as good as those in the United States. For example, the shale gas reservoirs in Sichuan Basin are buried in meters, while those in the United States are buried in meters. It is estimated that a shale gas horizontal well in China needs an investment of million yuan, some as high as 70million yuan, while the cost of Barnett shale gas horizontal well in the United States is about million yuan

in addition to high investment and high risks, water resource bottlenecks and shale gas development technology bottlenecks may be problems that enterprises will face in the process of shale gas exploration and development

according to Yang Kun, chief engineer of Huadian Group oil and gas company, shale gas fracturing is a large-scale problem. It is pointed out that we should focus on the problem of productivity reduction in these two difficult industries, namely hydraulic fracturing. Fracturing of a horizontal well often requires about 20000 cubic meters of water, which has high requirements for water resources. In the West and North China, where shale gas reserves are abundant, a large amount of water for shale gas development is easy to form a contradiction with the shortage of local water resources

in terms of technology, at present, most technologies and means of shale gas evaluation and exploration and development in China can be localized, but drilling steering tools, microseismic monitoring technology, downhole tools for well completion and fracturing, such as quick drilling bridge plug, open hole packer, etc., rely on foreign countries

the levelness of Yang Kun's watch is 0.2/1000; It shows that foreign companies only provide technical services to China and will not sell key technologies to China. If you accept the full service of foreign investment companies, the domestic single well exploitation cost may be as high as 80million yuan

build a new operation mode to realize the commercial development of shale gas

the shale gas development plan () points out that in the next decade or so, China's natural gas demand will grow rapidly, and the demand gap for natural gas will gradually expand. The development of shale gas has a good market prospect

in view of the challenges of shale gas exploration and development in China, experts believe that China should establish a new operation mode, realize the commercial development of shale gas, and explore a path of collaborative innovation and cooperative development

David Aton, chief technology officer of BP group, believes that the successful development of shale gas in China needs a breakthrough in shale gas development technology suitable for China's geological conditions, which supports the price of waste paper and paper, and establishes an open competition market mechanism

David Aton believes that compared with the United States, the success of commercial development of shale gas in China depends on four factors: first, the geological structure of shale gas storage in China is different from that in the United States. Whether China can make a breakthrough in mining technology and convert resources into production is the concern of insiders. Second, whether China can establish the industrial infrastructure capacity required for shale gas development and transmission. Third, whether laws, policies and mechanisms conducive to the development and utilization of shale gas, including the price mechanism, can be established. Fourth, whether we can obtain sufficient social recognition involves whether the environmental protection discussion on shale gas development can be supported by the public

David Aton pointed out that the development history of shale gas in the United States shows that an open and competitive environment can promote technological innovation and tap resources. The key difference between China's shale gas development and that of the United States lies in the geological structure and market mechanism. "We can't change the geological structure, but we can make a breakthrough in the market mechanism."

huwenrui, academician of the Chinese Academy of engineering, also said that according to the successful experience at home and abroad, the development of unconventional resources must follow a path of unconventional development, and we should unswervingly adhere to "technology first and commit to low-cost development". The effective way should be to establish a new development business operation mode, so that investors, mineral rights owners, private enterprises, foreign enterprises and technical service companies can participate in the cooperative development

"shale gas development is an emerging industry with high requirements for professional division of labor and strong innovation drive, which is suitable for the development mode of diversified competition and division of labor cooperation." Jiangxinmin, an expert from the national development and Reform Commission, believes that China should establish a new mechanism for shale gas exploration and development, fully mobilize the enthusiasm of enterprises, local governments and other parties, promote the diversification of investment subjects, and promote the process of shale gas commercial development, the report points out. The range may reach about 0.01%

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