Industry News

Intercontinental Mining is a Barite Mining Company of High Grade/High Quality Barite for the Global Oil Services Industry & Oil Drillers in: Kazakhstan, Russia, China, India, Canada & The United States of America. (Барит Mining для нефтяной промышленности) Barite Mining, Processing | Барит Mining для нефтяной промышленности. The company, founded in 1996 provides superior customer service and tremendous value for the oil industry with high grade Specific gravity‎: ‎4.2–5 American Petroleum Institute specification API 13/ISO 13500. высокое качество, высокий класс барит для бурения нефтяных скважин компании.

THE LARGEST SUPPLIER OF BARITE TO THE WORLD MAY BECOME THE LARGEST
CONSUMER OF BARITE CHINA IS INCREASING DOMESTIC GAS OUTPUT TO 207 BILLION CUBIC METRES BY 2020.
  1. China barite consumption is rapidly growing and by 2020 China may have limited exports for the North American and world markets.
  2. China shale gas drilling projected to consume 50% of Chinese barite consumption.
  3. Currently shale gas wells in China can consume 1000 tonnes to 2000 tonnes of barite on a single well.
  4. China Shale gas drilling is projected to consume over 1,640,000 tonnes per year by 2020. China total barite consumption is expected to grow to over 3,300,000 tonnes by 2020.
  5. China conventional gas & coalbed methane production are estimated to grow by 61% by 2020
  6. China national gas pipeline grid, adding 40,000 kilometres of trunk lines to the current 100,400 kilometres, and by doing so increase the country’s gas pipeline transmission capacity from 280 Bcm in 2015 to 400 Bcm in 2020.

Intercontinental Mining is constantly seeking high quality oil and gas drilling services relationships to go hand-in-hand with our high quality mining asset projects. The company is perpetually seeking oil and gas drilling services from drilling services firms from: Toronto, Vancouver, Montreal, New York, Los Angeles, Dubai, Calgary, Canada, Switzerland, United States, Germany, China (Shanghai to Hong Kong to Beijing) Russia & Kazakhstan.

Some market watchers say the UK needs to develop the deposit as “a perfect storm” is approaching in the barite markets, where demand has soared in recent years because of the thousands of wells being drill for oil and gas, especially in North America.

Drilling mud is required whether a well is successful or not, but even with US rig numbers falling, there is a risk that US gas production will decline, leading to increased demand for new wells simply to meet US domestic demand of 73.4 billion cubic feet per day regardless of natural gas prices, to say nothing of the increased demand from US export LNG export terminals or the US switch from coal to gas.