China: Empyrean Energy provides update on Jade prospect well design and well engineering project in Block 29/11, offshore China
05 May 2021
Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has provided an update on well design and engineering work for the
Jade prospect on Block 29/11, offshore China.
Highlights
Comprehensive analysis completed of drilling data from nearby offset wells, including four CNOOC owned wells
A robust well design for the Jade prospect has been finalised after considering two casing design options
All drilling operation issues have been analysed comprehensively for a safe and cost-effective drilling operation
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Wed, 5th May 2021 19:20
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
SIG PLC - London-based supplier of insulation, roofing, commercial interiors and specialist construction products - Has made an encouraging start to the year, with January and February sales volumes picking up strongly and March and April trading ahead of management s expectations. For first quarter to April 30, like-for-like sales grew 29%, having declined 4% in the same period in 2019.
Accsys Technologies PLC - wood building products manufacturer - Proposes placing to raise EUR33 million and open offer to secure EUR4 million. The net proceeds of the Issue will be used primarily to fund the company s investment in expanding its Accoya business into North America, Accsys says. Plans to build new Accoya plant in US, as part of joint-vent
5 May 2021 | 09:30am
StockMarketWire.com - Oil and gas company Empyrean Energy said it had completed the well design and engineering work for the Jade prospect well on Block 29/11, offshore China, moving it closer to begin preparation for drilling.
The Jade prospect had been assessed by Gaffney Cline to have oil in place potential of 225 MMbbl (mean) with an upside case of 395 MMbbl. Our next step is to utilise the report and recommendations to identify and negotiate a suitable rig for the drilling of Jade. We plan to update shareholders on our ongoing well planning soon, the company said.
At 9:30am: [LON:EME] Empyrean Energy PLC share price was 0p at 4.25p
AGR will assist with well planning and engineering.
Empyrean Energy plc (AIM: EME) has awarded independent energy services company AGR a contract to assist with well planning and engineering on the Jade prospect in Block 29/11 offshore China, AGR reported Wednesday.
AGR pointed out in a written statement emailed to Rigzone that it will provide offset analysis and detailed well design engineering for the project in Block 29/11, located in the Pearl River Mouth Basin approximately 124 miles (200 kilometers) southeast of Hong Kong. The contract recipient added that its Perth-based Australian project team will use AGR’s “iQx” probabilistic time and cost application “P1” to evaluate well design options, progressing to a recommended design for what will be Empyrean’s first well in China.
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