China's shale gas exploration and mining implementation commitment system

The shale gas exploration implements a commitment system. That is, when applying for shale gas prospecting rights, applicants for prospecting rights should submit their exploration responsibilities and obligations to the Ministry of Land and Resources, including capital investment, physical workload, exploration progress, comprehensive exploration, block exit, breach of contract and accountability for breach of trust. The "Notice on Strengthening the Work Related to Exploration, Exploration, Supervision and Management of Shale Gas Resources" issued by the Ministry of Land and Resources recently was expressed as above. Since the beginning of this year, shale gas has been highly sought after by various capitals, and the heat has not been reduced. This phenomenon has also caused widespread concern in the industry. Experts said that the latest notice issued by the Ministry of Land and Resources means that some investors who were once worried about the industry will be blocked by the opportunity to take possession of mining rights and malicious speculation. The main contents of the "Notice" include: first, actively and steadily promote shale gas exploration and mining; second, comprehensively carry out investigation and evaluation of shale gas resources; third, strengthen scientific research on shale gas exploration and mining; fourth, carry out demonstration of shale gas exploration and exploitation; The fifth is to rationally set the shale gas exploration rights; the sixth is to regulate the management of shale gas mining rights; the seventh is to encourage all types of investment entities in the society to enter the shale gas exploration and mining field according to law; the eighth is to encourage the development of shale gas in the oil and gas block. Exploration and mining. The "Notice" also coordinates the coordination of shale gas and other mineral resources exploration and exploitation, shale gas exploration and exploitation of environmental protection, safe production, promotion of economic and social development of resources, mining rights and mineral resources compensation fee reduction, and protection of land demand Regulations have been made to strengthen supervision and management.

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