Discussion on Development and Management Mode of Tight Natural Gas in East China Sea

The East China Sea is rich in tight natural gas resources. To achieve economic and effective development, it faces two problems in terms of technological breakthroughs and substantial cost reductions. At present, the development of tight gas reservoirs in the East China Sea is still in the exploratory stage technically. Through the exploration of innovative development management model, new technology can be obtained quickly and development costs can be greatly reduced. Based on the analysis of successful development experience of low-permeability and tight oil and gas at home and abroad, the author proposes to form strategic alliances or joint business models for cooperative development, and use a risky rent business model to improve benefits. Combined with the analysis of the tight gas cooperative exploration process in the East China Sea, it is recommended to establish a cooperative development test zone in a deep tight gas reservoir in the East China Sea to tackle technical and economic obstacles and achieve effective development of economies of scale.