Sino Gas & Energy Completes 2012 Seismic Program in Ordos Basin
Australia-listed Sino Gas & Energy has successfully completed 168 miles (270 kilometers) of seismic survey on the onshore Linxing and Sanjiaobei Production Sharing Contracts (PSCs) in the Ordos Basin, the company's Managing Director and CEO Robert Bearden told Rigzone in an interview Friday.
Four of the eight wells planned on the Linxing PSC – Linxing No. 9, 5, 2 and 8 – have been spudded, Bearden added. The remaining four wells are on track to be spudded by the end of this year.
The company's drilling program at the Sanjiaobei PSC saw slight delays due to heavy floods in the region in July. Bearden revealed that the local authorities are at present in the process of repairing the road network in the Sanjiaobei PSC.
"We expect to resume [the Sanjiaobei PSC] drilling program in October," Bearden said.
SGE is the foreign operator of two PSCs: Linxing and Sanjiaobei. The Linxing segment – which contains the Linxing East and Linxing West blocks – covers an area of 724 square miles (1,874 square kilometers) and is owned by SGE (64.75%), China United Coal Bed Methane (30%) and CBM Energy (5.25%). The Sanjiaobei block occupies an area of 434 square miles (1,124 square kilometers) and is owned by SGE (49%) and China National Petroleum Corporation (51%).
The three blocks contain projected gas reserves of 3.7 trillion cubic feet (Tcf), with SGE's share estimated at one Tcf.
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