CNPC expected to import drilling rigs for its Sichuan Basin shale plays – January 16, 2013

China National Petroleum Corporation (CNPC) needs rigs capable of drilling shale gas in China at depths of at least 5,000 meters by roughly 4Q13, Breitling Oil and Gas CEO Chris Faulkner said. “Getting the equipment is going to be a huge challenge [for CNPC],” he said. “They have a lot of experience in shallow offshore and shallow onshore coal bed methane drilling and neither of those rigs will work.”  (more)