Far East Energy Cites Production Increase in Shouyang Block
Far East Energy reported that gas production in the Shouyang Block of Shanxi Province, China, has now risen to 500,000 cubic feet, or 500 Mcf per day. Previously, on November 30, Far East announced that gas production from the Shouyang Block had exceeded 400,000 cubic feet per day.
"This acceleration in gas production is not unexpected," said Garry Ward, Senior Vice President of Engineering, "but the rapidity of the increase is a surprise, and a pleasant one."
Far East does note that, as in any oil and gas exploration activity, certain events such as normal fluctuations in gas flow, wells being taken offline for workovers, etcetera, could cause reductions in the amount of gas being produced.
- China's Shouyang CBM PSC Operator FEEC Ceases Operations (Nov 12)
- China's Shouyang CBM Operator FEEC Enters Into $4M Loan Facility Agreement (Jun 30)
- FEEC Gets Extension on Maturity Date of Facility Agreement with SCB (Dec 01)