Can ConocoPhillips Frac the Chinese Code
ConocoPhillips is the new entrant in the Chinese shale play sweepstakes and, as China finally opens drilling blocks for bid to international firms, the question of feasibility still looms heavily over the prospect. Sure, the country has shale reserves that are greater than those found in North America, but a number of problems still persist. The first problem is finding skilled technologists and resources, both of which are in short supply. If China can find a way to supply the massive amount of water required for hydraulic fracturing, it will still need the qualified manpower and midstream infrastructure to move the oil and gas. ConocoPhillips believes it's up to the task, but the obstacles are heavily mounted against the company on its quest for another massively successful operation there.
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The article Can ConocoPhillips Frac the Chinese Code originally appeared on Fool.com.Austin Smith has no positions in the stocks mentioned above. Joel South has no positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Motley Fool newsletter services recommend Chevron and Total SA. (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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