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

WHAT DO YOU THINK?

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
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Specialist II
Expertise: Contracts Administration
Location: Midland, TX
 
US Fort Lupton: Entry Level Technology Services Technician
Expertise: Production Engineering
Location: Fort Lupton, CO
 
Contracts Administrator
Expertise: Contracts Administration
Location: Orlando, FL
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours