Far East Energy Sees Continuous Rise in Gas Output at Shouyang CBM Block in China

Far East Energy, operator of Shouyang CBM in China’s Shanxi province has announced further rise in gas output at the block.

As on January 20, production from the Shouyang block reached 1,797,499 cubic feet per day (1,797 Mcf/d). This is up a further 7% from the production figure released January 7, and up 143% from the 738 Mcf/d produced for the week ending November 12, 2013. 

Production growth continues to be seen from both new and older wells, the company said.

"Since mid-November, we have seen daily gas production increase by over 1 million cubic feet per day, and this steady and significant production growth is what we have been seeking with our diligent dewatering efforts.  We believe a tipping point has been reached," CEO Mike McElwrath said.

The company also announced that the testing of eight additional appraisal wells has yielded impressive results in terms of gas content with all wells showing good to exceptional permeability. 

"These are exceptional gas content and permeability numbers," McElwrath said, "which continue to verify our belief that the entire Shouyang block has significant potential."

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