BG finds gas in first China exploration
Thursday, 16 December 2010
BEIJING, Dec 15 (Commodity Online): Major oil company BG Group strike gas in its very first attempt on China soil as gas was discovered in the deepwater Qiongdongnan basin in the South China Sea.
In a statement issued here the company said the Lingshui 22-1-1 exploration well on Block 64/11, about 130 kilometres offshore, encountered gas-bearing sands.
It will now conduct further analysis of the well results to increase understanding of the hydrocarbon potential in the Block.
In a statement issued here the company said the Lingshui 22-1-1 exploration well on Block 64/11, about 130 kilometres offshore, encountered gas-bearing sands.
It will now conduct further analysis of the well results to increase understanding of the hydrocarbon potential in the Block.