Sino Oil and Gas Holdings Ltd
Sino Oil & Gas Attained Technological Breakthrough – Obtained Two National Patents for Its Sanjiao CBM Project
For Immediate Release Sino Oil & Gas Attained Technological Breakthrough Hong Kong, 7 January 2016 – Leading oil and gas explorer and developer Sino Oil and Gas Holdings Limited (the “Company”, Hong Kong stock code:702) is pleased to announce today, there is a technological breakthrough attained in its Sanjiao Coalbed Methane (“CBM”) Project (“Sanjiao Project”) and the company obtained two patents from State Intellectual Property Office of the P.R.C recently, including: 1. The invention of single wellbore CBM multilateral well system and drilling method 2. The method of single wellbore CBM multilateral well drilling and completion The invention of single well eye CBM multilateral well (“newly formulated multilateral well “) system drilling and completion method is based on China complicated geological situation and has overcome the challenges of original multilateral well and vertical well including the well connection and construction, unavoidable wellbore collapse in drainage stage. The newly formulated multilateral well has many advantages including, high and stable gas productivity, long production period, high recovery ratio, lower overall cost, which help Sanjiao Project to great improve its efficiency and productivity. Meanwhile, the well type also reduces the drilling risk, minimizes the use of land. Thereby it helps reduce the development cost significantly and provides a solid technical support for the company large-scale development and construction as well as production safety. The company has outstanding technical teams. They have extensive experience in different aspects of key CBM technology, including CBM reserves knowledge and research, technology matching, well planning, process supervision, quality control, completion and drainage. This breakthrough has effectively reduced the CBM development cost and increase the overall efficiency of the project which provides a solid ground for the company’s future growth. For further enquiries, please contact: Celia Li About Sino Oil and Gas Holdings End of Press Release +++++ Document: http://n.eqs.com/c/fncls.ssp?u=SLHAUYJBUU Document title: Sino Oil & Gas Attained Technological Breakthrough – Obtained Two National Patents for Its Sanjiao CBM Project Key word(s): Miscellaneous
07/01/2016 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. |