Tuzi Field 102 Platform’s Production Commenced

Source: www.gulfoilandgas.com 1/8/2016, Location: Asia

The Company is pleased to announce that the 5 wells of the Tuzi Luoke gas field 102 platform, which is jointly developed by the Company and (China National Petroleum Corporation*), were put into production successfully on 3 January 2016 and the natural gas daily production increases to approximately 0.8 million cubic meters.

To date, a total of 14 wells out of the 19 wells approved by the ODP for Tuzi Luoke gas field have been put into production successfully and operating steady. The other 5 production wells and the related infrastructure groundwork construction of the Tuzi Luoke 103 platform are currently in positive drilling process. It is anticipated that the Group’s natural gas production will see a further increase.

For the time being, the natural gas daily production of the Company’s Tuzi Luoke and Dina 1 projects are approximately 1.82 million cubic meters and 1.18 million cubic meters respectively. The total actual natural gas daily production of the two projects has increased to approximately 3 million cubic meters, and the annual condensate production to over 30,000 metric tonnes.


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