Sino Gas & Energy Upgrades China CSG Reserves

Sino Gas & Energy has announced an upgrade in 2P reserves to 327 billion cubic feet (bcf) from 22 bcf at its Linxing East and Sanjiaobei production sharing contracts in the Ordos Basin, China.

Total un-risked mid-case reserves and resources (reserves, contingent and prospective resources) have been evaluated at 5.7 trillion cubic feet (tcf), representing a 56% increase from the previous assessment conducted in 2012. As a result, Sino Gas’ net share of un-risked mid-case reserves and resources has risen to 1.6 tcf.

Results were reviewed from the twelve wells drilled in 2012, 70km of seismic data from the infield drilling area in the north-eastern corner of Linxing East along with 100km of data from a previously unexplored portion to the southwest of the block, and 100km of north/south running seismic at Sanjiaobei.

“With testing teams currently deployed to test over 20 zones this year, seismic surveying for 2013 well progressed, and work on track to have ten drill rigs in the field during the second quarter of 2013 and up to 25 wells completed by the end of Q3,” the company said.