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Joint drilling
By qRichard Fu |
February 25, 2011, Friday
|
Print Edition
Print Edition
CHINA National Petroleum Corp and partner Chevron Corp have started drilling at the Chuandongbei gas project in southwest China's Sichuan Province, CNPC said yesterday.
The two firms signed a 30-year production sharing contract in late 2007 to develop the high-sulfur gas project using technology from Chevron. The Chuandongbei project is China's biggest onshore upstream gas cooperation project with a foreign company.
Chevron holds a 49 percent stake in the project and will be the operator. Chevron in 2007 said they planned a designed capacity of 740 million cubic feet a day at the proposed gas plants in Chuandongbei, which covers nearly 2,000 square kilometers.
The two firms signed a 30-year production sharing contract in late 2007 to develop the high-sulfur gas project using technology from Chevron. The Chuandongbei project is China's biggest onshore upstream gas cooperation project with a foreign company.
Chevron holds a 49 percent stake in the project and will be the operator. Chevron in 2007 said they planned a designed capacity of 740 million cubic feet a day at the proposed gas plants in Chuandongbei, which covers nearly 2,000 square kilometers.
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