Sino Gas & Energy Holdings has submitted the Sanjiaobei overall development plan (ODP) to Sino Gas & Energy’s (SGE) production sharing contract (PSC) partner PetroChina CBM (PCCBM) for approval.
The company noted that the submission of the ODP is a significant regulatory milestone in the development of the Sanjiaobei PSC in the Ordos Basin, US.
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Compiled in collaboration with PCCBM, the ODP accounts for around 60% of the current discovered area of Sanjiaobei.
Future ODP submissions aimed at supporting the development of the remaining discovered and prospective areas are expected to be appended to the initial ODP.
Sino Gas & Energy Holdings managing director Glenn Corrie said: “We are pleased that the first Sanjiaobei ODP has been submitted to our partner PCCBM, closely following the Linxing ODP submission.
“We expect to obtain both ODP approvals in the first half of 2018 as we continue to observe initiatives to shorten regulatory approval timelines to bring on new sources of domestic gas supply to meet ongoing exceptionally high natural gas demand growth.”
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By GlobalDataHaving submitted both the Linxing and Sanjiaobei ODPs, Sino Gas is working together with its PSC partners to plan future drilling activity and production processing expansion.
The company expects to obtain approvals for both ODPs in the first half of this year.
SGE has a 49% interest in the Sanjiaobei PSC.
