By OGJ editors
HOUSTON, Aug. 20 – Camac Energy Inc., Hartsdale, NY, formerly Pacific Asia Petroleum Inc., is drilling the ZJS-02 and 03 coalbed methane appraisal wells at the Zijinshan gas asset in China’s Ordos basin in Shanxi Province.
The wells are part of a planned multi-well appraisal program that began in 2009 after the company shot 160 line-km of 2D seismic over the property.
The asset covers 175,000 acres close to the West-East and Ordos-Beijing gas pipelines. Another new pipeline near the asset is under construction in the basin.
Camac Energy owns 100% of the foreign contract interest in the Zijinshan production sharing contract in partnership with PetroChina CBM Co. China United CBM Corp. has estimated that the Zijinshan Gas Asset has potential gross gas resources in excess of 3.8 tcf. The Ordos basin is China’s second largest petroleum bearing basin.