SDIC Chongqing Shale Gas Development and Utilization Co., Ltd.

SDIC Chongqing Shale Gas Development and Utilization Co., Ltd. was established in June 2012 and entered trial operation in September 2012. It is a state-owned enterprise absolutely controlled by SDIC High-Tech Investment Co., Ltd., a wholly-owned subsidiary of State Development & Investment Corp., Ltd. The company's initial registered capital is 300 million yuan. It is mainly engaged in shale gas resource exploration, development, utilization and related technical consulting, and is a professional enterprise in shale gas exploration and development and related key technology and process research and development.
The maturity of shale gas exploration and development technology has brought revolutionary changes to the world's energy industry, and has also brought opportunities to improve China's energy security capacity and adjust the energy structure. In the process of shale gas exploration and development, the company will rely on Chongqing's abundant shale gas resources, take technological innovation as a means, strengthen exchanges and cooperation with domestic and foreign enterprises that have strength and master relevant core technologies, focus on strengthening the construction of technology platforms, participate in formulating shale gas resource development standards, explore shale gas development and utilization models, accelerate the pace of shale gas development and utilization, and strive to build the company into a demonstration enterprise in the domestic shale gas exploration and development field, so as to make due contributions to improving China's energy supply security, promoting the optimization of the energy structure and local economic development.
State Development & Investment Corp., Ltd. was established on May 5, 1995. It is a state investment holding company approved by the State Council and one of the important state-owned key enterprises directly managed by the central government. SDIC Group has a registered capital of 19.47 billion yuan. As of the end of 2012, its total assets were 311.5 billion yuan, with more than 80,000 employees, including more than 20,000 overseas employees. In 2012, it achieved operating revenue of 89.1 billion yuan and profit of 11.2 billion yuan. In the annual performance assessment by SASAC of the State Council, it received an A grade for 8 consecutive years and became an "excellent performance enterprise" in two consecutive term assessments.