Far East Energy Spuds 15th, 16th Well in China
Far East Energy has spudded its 15th and 16th well in the 2013 drilling program in China.
Production wells 115V and 119V have reached total depth; preliminary gas content has been determined for the SYE03 appraisal well; and two more wells have been commenced since company’s last update on May 10.
The newly spudded wells are the SYE-16, a new appraisal well, and the 62-2V, an additional production well, bringing to 16 the number of wells spudded thus far in 2013.
Meanwhile, preliminary results from the testing of core samples from the SYS-03 appraisal well, which is located in the east-to-southeast portion of the Shouyang Block, roughly 27 kilometers southeast of the 1H Pilot Area, indicate gas content for the #15 coal seam of approximately 25 cubic meters per ton or over 800 standard cubic feet per ton, the company said.
This very high gas content is similar to the high gas content of over 900 scf/ton measured in the SYS-05 well, which is located in the far southeast sector of the Shouyang Block, approximately 37 kilometers south of the 1H Pilot Area.
Alex Yang, Senior Vice President for Exploration commented, “Together with SY-P12, SY-P18, and SYS05, these preliminary results from the SYS-03 indicate that coals of very high gas content cover a vast portion of the eastern Shouyang block. This should be significant in our reserve and resource calculations.”