Related Articles
Forward article link
Share PDF with colleagues

China looks abroad to FTSI for shale technology

Texas based shale specialists FTS International have formed a 15 year joint venture with Sinopec

China's shale patch has so far been a richer opportunity for foreign oilfield service companies than for the supermajors that initially moved to snap up projects in the country. The latest move into China from a foreign oilfield service company came this week when FTS International (FTSI), a Texas-based shale specialist, formed a 15-year joint venture with state-owned Sinopec. SinoFTS, as the venture will be known, will be 55% owned by Sinopec, while FTSI will hold the remaining 45%. No financial details of the deal were released. "The joint venture collaboration is the culmination of a multi-year effort by both companies to bring FTSI's hydraulic stimulation capabilities and expertise to C

Also in this section
Latest licensing rounds
24 May 2017
The industry's most comprehensive list of current and recent rounds for onshore and offshore licenses
Kuwait's new dynamism
24 May 2017
The country wants to shake off its reputation for delays and energy sector in-fighting
While Opec was cutting...
22 May 2017
The Permian will lead a strong US onshore recovery in 2017, while former stalwarts the Eagle Ford and Bakken struggle to regain their footing