Sino Oil and Gas Holdings Records 34% Jump in Sanjiao Project CBM Output

Sino Oil and Gas Holdings’ Sanjiao coal bed methane project in China’s Shaanxi province’s Erdos Basin recorded gas production of 11.37 million cubic meters, up 33.9% on year, in the first quarter of 2014.

According to the company, its CBM sales stood 9.65 million cubic meters, up 78.04% on year and a gas sale-to-production rate of 84.9% for the first quarter of 2014.

During the quarter, Sanjiao project had completed a total of 72 wells, including 39 multi-lateral horizontal wells, while the remaining 33 were vertical wells. Out of the aforesaid 72 wells, 59 wells under normal dewatering stage, of which 49 wells had accessed to the gas collection pipeline network.

The gas sales for the first quarter were composed of industrial piped CBM sales, residential piped CBM sales and compressed natural gas sales which accounted for 85%, 14.6% and 0.4%, respectively.