More financiers are committing to limiting capital for fossil fuel while their O&G-sector borrowers in the region, though reliant on equity, still approach new energy with a wait-and-see attitude. The oil and gas (O&G) sector in the Asia-Pacific (APAC) region is likely to find fundraising trickier, particularly to support fresh…
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China: Empyrean Energy provides update on its planning for drilling the Jade prospect on Block 29/11, offshore China
23 Apr 2021
AIM-listed
Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has provided an update on its planning for drilling the
Jade prospect on
Block 29/11, Pearl River Basin, Offshore China (Source: Empyrean)
The Company has commenced comprehensive planning for the drilling of the Jade prospect in order to ensure a safe and secure drilling campaign and has awarded a contract with AGR s team in Australia to assist with well planning and engineering.
AGR is owned by Oslo Stock Exchange listed Akastor (a subsidiary of AKER group companies), and is an independent consultancy delivering well engineering, drilling project management and reservoir management as well as consultant manpower and software solutions to the energy industry.