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Primeline Energy Holdings Inc. announced that the overall development programme for its LS36-1 gas field development (Development) has received final approval from the Chinese Government.
China National Offshore Oil Corporation (CNOOC) notified Primeline that the National Development and Reform Commission (NDRC) has approved the Development. This approval allows the project Operator, CNOOC, which holds a 51% interest in the Development, to finalise plans for the commencement of gas production.
During the last 3 years CNOOC has completed the majority of the development work, including the production platform, development wells, subsea pipeline, gas processing terminal and the offshore section of the gas sales pipeline.
Unconventional natural gas has become a global hotspot. It is changing the pattern of the world energy. Shale gas will become one of the three energy resources in the next 20 years. Read More >
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