Exploration and production
Together with our partners, CNOOC, CUCBM, CNPC, and Petrochina we are focusing on ramping up production and delivering value from our operations using our LiFaBriC proprietary methodology. Based on geo-steered horizontal drilling developed for China’s geology, LiFaBriC delivers predictable stable output per well with enhanced returns and little decline. Our intensive drilling programme, together with committed investment from partners, is targeted at accelerating production and generating strong cash flows in what is one of the world’s most buoyant energy markets.
In parallel, Green Dragon Gas has had a strong track record of delivering year-on-year reserve volume and valuation growth at our licences, as independently verified by consecutive Competent Person Reports since 2006.