Drilling has begun on well ZJS-02, which is planned to be followed consecutively by well ZJS-03, and both wells are part of a multi-well appraisal program that commenced in 2009 after the company acquired 160km of 2D seismic data over the Zijinshan gas asset.
Camac’s Zijinshan gas asset covers an area of 175,000 acres, and the company owns 100% of the foreign contract interest in the Zijinshan production sharing contract in partnership with PetroChina CBM Co.
The Zijinshan gas asset is in close proximity to major infrastructure, including the West-East Gas Pipeline and the Ordos-Beijing Pipeline.
