Sinopec Digging Deep in Effort to Take Lead in China's Shale Gas Industry

(Beijing) – A drilling rig stands in lush forest on a mountain in Jiaoshi Town, in the southwestern region of Chongqing. It is conspicuous, towering over the homes of area residents.

It is one of 63 shale gas wells China Petroleum and Chemical Corp. (Sinopec) has drilled in Jiaoshi as of April. The company plans to drill 200 more over an area of 260 square kilometers over the next two years.