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CUCBM is again the Chinese partner, and can elect to participate at anywhere from zero to thirty percent (30%) of costs and revenues.
Based in Houston, Texas, with offices in Beijing and Kunming, China, Far East Energy is focused on the acquisition of, and exploration for coalbed methane through its agreements with ConocoPhillips and China United Coalbed Methane Company (CUCBM).
Commenting on the Modification Agreement, Mr Wu Wei Feng, President of CUCBM, said that, "CUCBM and Sino Gas have enjoyed a strong working relationship since early in 2006.
This is in addition to the aggressive drilling program undertaken by CUCBM which has used over 15 rigs in the first half of 2011.
Sino Gas has been working with its partners, China United Coal Bed Methane (CUCBM) and PetroChina Coal Bed Methane (PCCBM) and expects to be in a position to confirm the specifics of the 2011 Work Program in the near term.
FLG is the operator of the Liulin CBM PSC in China, and has a 50% equity stake in that project, with CUCBM holding the remaining 50%.
A critical part of doing what needs to be done relies on our strong and effective relationships with our PSC partners PetroChina (SHA:601857) (HKG:0857) (NYSE:PTR) and CUCBM. I would like to thank them for their support during 2010 and to look forward to continuing to strengthen our already very constructive relationships through continuing strong cooperation and open dialogue.
Sino Gas continues to work with its partners, China United Coal Bed Methane (CUCBM) and PetroChina Coal Bed Methane (PCCBM) on gas sales agreements and is finalising the technical designs for its Pilot.
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- Cubrilovic, Vaso
- CUC (currency)
- Cuccia coupler
- Cuch behar
- Cuch behar
- Cuchilla de Grande
- Cuchilla de Haedo