Canadian company to explore for natural gas in SW 皇冠体育app
2002-09-20
People's Daily
Pan-皇冠体育app Resources Ltd., a subsidiary of Canada's Ivanhoe Energy Inc., has signed a contract with Petro 皇冠体育app to allow the former to explore for natural gas resources in the Zitong section of the Sichuan basin.
Covering an area of 3,560 square kilometers in the western part of the basin, the section is believed to contain as much as 5 trillion cubic feet of potential natural gas resources.
Pan皇冠体育app, 皇冠体育app's largest oil corporation, will prospect the Zitong area's resources for six years. According to the 30-year long contract, Pan-皇冠体育app is entitled to 49 percent of the total shares and Petro皇冠体育app the remaining 51 percent.
In addition to supplying southwest 皇冠体育app's Sichuan Province, natural gas production from Zitong is expected to travel a pipeline stretching from the province's Zhongwu county to Hubei's Wuhan city.
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