CPC: 3 Miaoli Wells Begin Trial Production

TAIPEI (Dow Jones Newswires), Jan. 2, 2012

Taiwan's state-run CPC Corp. said Monday that three natural gas wells in central Taiwan have started trial production and will likely be commercially operational in March with a daily flow rate of 100,000 cubic feet.

CPC, which has been drilling for gas since May, said new hydrocarbon deposits were discovered at three wells in Chuhuangkeng, a shallow field in Miaoli county over 100 years old.

The wells produced a combined 30,000 cubic feet a day in the trial period, the company said in a statement.

Copyright (c) 2012 Dow Jones & Company, Inc.

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