Exploration Operations
- Towngas in 2008 agreed to a joint venture with Sunpec and Shaanxi Yanchang Petroleum to develop block 3113 in Madgascar with technical assistance from Yunnan Kaiyuan Oil and Gas. The venture was success leading to the discovery of light oil in November 2009. This block along with block 2104 have estimated oil reserves of 5.6 billion barrels and natural gas reserves of 66 billion cubic meters.
Read more about this topic: The Hong Kong And China Gas Company
Famous quotes containing the words exploration and/or operations:
“The future author is one who discovers that language, the exploration and manipulation of the resources of language, will serve him in winning through to his way.”
—Thornton Wilder (1897–1975)
“You can’t have operations without screams. Pain and the knife—they’re inseparable.”
—Jean Scott Rogers. Robert Day. Mr. Blount (Frank Pettingell)