RH Petrogas Expects Fuyu 1 Block Development Plan Approval in 1H 2014

Singapore-listed RH Petrogas Limited, the holding company of Kingworld Resources Limited (KRL), provided an update on the project undertaken by KRL at Fuyu 1 Block in the Songliao Basin, Jilin Province, China for the quarter that ended Jan. 31.

The company indicated that approval of the Overall Development Plan (ODP) for phased development of Yongping Field in Fuyu 1 Block from China's National Development and Reform Commission (NDRC) is expected in the first half of 2014, later than the previous timeline of the fourth quarter of 2013.

"Development drilling and commercial production at Yongping Field will commence after such approval is granted," RH Petrogas said in a press release Friday.

Meantime, pre-development preparation at the Yongping field, which has been approved by China National Petroleum Corporation, has commenced in 2013 including the procurement of items with long lead times.

Have a news tip? Share it with Rigzone!
Email news@rigzone.com


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Aker Solutions to Buy Brazilian C.S.E (Oct 21)
 -  Sea Trucks Group Secures Work Offshore... (Oct 21)
 -  Shell Divests Non-Core Oil, Gas Proper... (Oct 21)
 -  Petrofac Appoints New CFO (Oct 21)
 -  Wheatstone LNG Development Start-Up in... (Oct 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Production Engineer
Expertise: Production Engineering
Location: Houston, TX
Senior Client / Program Manager
Expertise: Geologist|Reservoir Engineering
Location: Seattle, WA
Senior Sales Representative - Oil and Gas
Expertise: Corrosion Engineering|Petroleum Engineering|Sales
Location: Harvey, LA
search for more jobs

Brent Crude Oil : $50.79/BBL 1.30%
Light Crude Oil : $49.96/BBL 1.10%
Natural Gas : $2.77/MMBtu 2.12%
Updated in last 24 hours