Output from Sinopec's South Yanchuan CBM Block Tops 200,000 cu m per day

Sinopec’s daily production of coal bed methane from South Yanchuan block has topped 200,000 cubic meters as on April 18, Xinhua Finance reported citing a company statement.

The Chinese state owned energy major plans to produce 100 million cubic meters of CBM in 2015 vis-a-vis earlier target of 200 million cubic meters.

Currently, Sinopec has 321 wells in operation with 898 CBM wells put into operation in total, Xinhua Finance said.

So far this year, CBM output from the block totalled 18.06 million cubic meters, the company statement stated. Located in northwest China's Erdos basin, South Yanchuan block has over 20 billion cubic meters of proven CBM reserves.