Hong Kong-listed Anton Oilfield Services, one of the mainland's largest non-state-owned oilfield service suppliers, expects to source over half of its business from overseas projects within five years, up from 25 per cent now.
Chairman Luo Lin said this was assuming the mainland's shale gas development did not see "explosive" growth in that time.
The mainland is estimated by the US Energy Information Administration to have the world's largest resources of shale gas - natural gas trapped in underground sedimentary rock.
via Business feed http://www.scmp.com/business/china-business/article/1038709/anton-oilfield-widens-horizons
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