Sinopec Corp. (0386.HK, 600028.CN) is for the first time pumping shale gas from test wells in commercial quantities in what it hopes will be a breakthrough in the development of a new energy source, Shanghai Daily reported Tuesday. Its Sinopec Jianghan unit has more than doubled its 2015 output target for the key shale area of Fuling in the southwestern region after successful pilot drilling, hoping to cut costs through measures such as drilling numerous wells at once and recycling fracking liquids, according to the newspaper. Sinopec has drilled nearly 30 pilot shale gas wells in the Fuling area of Chongqing, part of the Sichuan basin — one of the most promising geological zones for the unconventional fuel, the report said. Six of the wells are pumping 1.06 million cubic meters of gas, or an average of nearly 180,000 cubic meters per well, it added.
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