Shell drills 17 wells in China, eyes big spend: CEO

BEIJING (Reuters) – Royal Dutch Shell (RDSa.L) is drilling 17 wells in China, including for tight gas and shale gas, Chief Executive Peter Voser told Reuters on Sunday.
If the drilling is successful, Shell aims to spend $1 billion a year over the next five years on shale gas in China, he said on the sidelines of a forum, adding that it was already spending $400 million on unconventional gas in China this year.