China's NDRC Approves Development of the Sanjiao CBM Project in Ordos Basin

Sino Oil and Gas Holdings Limited announced Monday that the National Development and Reform Commission (NDRC) has approved the overall development plan (ODP) of its Shanxi Sanjiao Coal Bed Methane (CBM) Project in China's Ordos Basin -- the first Sino-foreign CBM development involving China National Petroleum Corporation (PetroChina) to have gained the NDRC's approval.

The firm indicated, through its wholly-owned subsidiary Orion Energy International Inc., Aug. 21 that it had entered into a production sharing contract (PSC) with PetroChina -- its partner in China to explore, utilize and produce from the CBM field in the Sanjiao block in Shanxi and Shaanxi provinces.

With the receipt of official approval, NDRC has cleared the way for Orion and PetroChina to develop the Sanjiao CBM project.

"The Approval signifies that the Sanjiao CBM project will soon, in accordance with the ODP, commence the sizable development and production with an annual capacity of 17.66 billion cubic feet (500 million cubic meters)," Sino Oil and Gas said in the press release.



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
 -  Zion Granted Approval to Drill Well On... (Dec 2)
 -  Production Drilling Begins at Mariner ... (Dec 2)
 -  Subsea 7 Secures Services Contract wit... (Dec 2)
 -  Eni: Oil Worker Dies Following Congo P... (Dec 2)
 -  FAR Refutes Claims that it cannot Farm... (Dec 1)


Most Popular Articles

From the Career Center
Jobs that may interest you
Operations Manager
Expertise: Operations Management|Process Management|Regulatory Compliance
Location: Kermit, TX
 
United States Broussard: Senior Field Engineer - MWD/LWD
Expertise: Field Development
Location: Broussard, LA
 
Expeditor
Expertise: Driller|Logistics Management|Materials Management
Location: Anchorage, AK
 
search for more jobs

Brent Crude Oil : $54.46/BBL 0.96%
Light Crude Oil : $51.68/BBL 1.21%
Natural Gas : $3.44/MMBtu 1.99%
Updated in last 24 hours