Top 10 Shale Oil Rich Nations - 3 - CHINA
Technically recoverable shale oil: 32 billion barrels
Prime prospect locations: Sichuan, Tarim, Junggar and North China Basins
Current oil production (bpd): 4.42 million
Current gas production (tcf): 3.63
The People’s Republic of China is the world's most populous country and the largest energy consumer on the planet. As the country’s largest oil fields are mature and production has peaked, industry has focused on developing unexploited reserves in the western interior provinces and offshore.
At current consumption levels, the country’s vast shale basins hold enough oil to satisfy the country’s needs for 86 years.