Exchange Database
China/US CBM pact signed
China United Coalbed Methane Co. Ltd. (CUCBM) and US-based Far East Energy Corp. last week signed a contract for joint exploration of coalbed methane (CBM) resources in the Enhong and Laochang areas of southwest China's Yunnan Province.The CBM contract covers a 1,072 square km area in Qujing city and is the first of its kind in Yunnan cooperation with foreign partners, Xinhua news agency reported.
Outcomes:
Far East will bear all exploration risks and drill five exploration wells and eight pilot development wells during the three-year exploration period.
Source:
Platt's International Coal Report, 12/2002, Issue 591
Government?:
No
Type of Exchange:
business
Partners:
China United Coalbed Methane Co. Ltd.
Far East Energy Corp
Sponsor(s):
China United Coalbed Methane Co. Ltd.
Far East Energy Corp
Exchange Date:
Monday, December 16, 2002
Continuing:
No
Location:
Enhong, Yunnan; Laochang, Yunnan
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