Exploration & Production
Far East: Drilling Underway at Shouyang CBM Block
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Far East Energy Corporation has reported that its 2013 Shouyang Block drilling campaign is underway, now that the Chinese National Lunar New Year holiday has ended and as weather conditions improve in Shanxi Province.
Two drilling rigs are already operating on location in the Shouyang Block and additional rigs have been mobilized and are expected to begin drilling operations within the next three weeks.
The 2013 drilling program is initially targeted at (i) drilling 70 wells in the core 1H Pilot Production Area to accelerate the drive toward rising gas production and sales levels; and, (ii) an additional 25 appraisal wells across the block, in an effort to further identify the most prospective undeveloped sections of the block.
CEO Michael R. McElwrath stated "Far East has started 2013 in…
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