E3S Web Conf.
Volume 329, 20214th International Conference on Green Energy and Sustainable Development (GESD 2021)
|Number of page(s)||4|
|Published online||09 December 2021|
Economic feasibility evaluation of shale gas stratified development in Chongqing area
1 Chengdu Aeronautic Polytechnic, Chengdu, 610100, China
2 Sinopec Research Institute of Petroleum Engineering, Beijing, 100101, China
* Corresponding author: firstname.lastname@example.org
Shale gas as a clean green energy has been rapidly developed in China. At present, the vertical production rate of shale gas in Chongqing area is low, and it is difficult to take into account the whole highquality shale segment with thickness of tens of meters only by one well pattern. In this paper, the internal rate of return (IRR) is used to calculate the impact of different costs and exploitation conditions on the development effect of two shale gas layers. The results show that shale gas development will be profitable only when the cost per well is controlled at around 70 million and production is provided at more than 100 million cubic meters. Domestic producers should further reduce the cost of shale gas development, increase the productivity of single well and maximize the benefit of domestic shale gas development by means of integrated innovation and technological optimization.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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