Canada's energy giant begins to drill Well Yi-1 in Sichuan

According to Norway’s “Upstream Online” report from Toronto, the Canadian energy giant Ivanhoe Energy, headquartered in Toronto, Canada, has begun drilling on the Well-1 in Sichuan, China.

Ivanhoe Canada Energy, through its subsidiary Sunwing, is the operator of the 659,840-acre natural gas exploration block in Sichuan Province. Together with PetroChina (PetroChina), it owns 90 of this block. % of the shares, while Mitsubishi Gas Chemical Corporation of Japan owns the remaining 10% of the shares.

The target of the Well-1 is Gu’s tight natural gas.

Ivanhoe Energy, in a statement, said that the total depth of drilling at the Well-1 is planned to be 4,500 meters, and it will take six months to complete and test the well. The drilling cost for the Well-1 is expected to be between 14.5 million and 17.5 million U.S. dollars.

Meanwhile, Ivanhoe Energy said that the company also plans to drill the second well of the Yixin-2 well in this natural gas exploration block in July this year.

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