Page 15 - FSU OGM Week 11 2021

FSUOGM NEWS IN BRIEF FSUOGM

31mn boe. The company launched an order for the Shurtan Gas Chemical Complex Elixir Energy starts
internal review of reserves at end-December (SGCC) project in Uzbekistan, according to
and estimated Chinarevskoye total proven BusinessKorea. Mongolian methane
plus probable reserves to be worth 39mn boe, The project involves providing
a 91mn barrels reduction from previously comprehensive logistics services, including production field programme
reported levels after adjusting for 2020 loading, sea transport, transshipment,
production. customs clearance, unloading and inland Elixir Energy (EXR) has begun the 2021
"The revisions in reserves are mainly due transportation of heavy machinery from field programme under its Nomgon coal
to the downgrade of reserves attributed to nine countries - Korea, China, Japan, Russia, bed methane production sharing contract in
the development of the Biyski-Afoninski India, Belgium, Spain, Germany and Italy - Mongolia, the Market Herald has reported.
West & North-West reservoirs to the to Uzbekistan. The field team reportedly commenced
contingent resources category,” Nostrum The transportation list includes super- spudding the Yangir-2 core hole to follow up
explained. “In addition, there has been heavy weights including a maximum weight on an adjacent hole that encountered visibly
a reduction in the development drilling of 450 tonnes and a length of 98 metres bubbling coals.
programme across the Chinarevskoye with the total weight and length of all The project, which covers an area nearly
reservoirs due to reservoir performance transportation cargoes standing at about equivalent to the size of Belgium, is located
concerns and a less favourable product 80,000 tonnes and 680 kilometres. in the South Gobi region on the Mongolian-
pricing outlook." CJ ICM, which has six company bases Chinese border.
throughout Central Asia, said it works The field team was reported as saying
closely with relevant government agencies to that if all goes to plan, the programme will
Korea's CJ wins $35mn arrange transportation to double-landlocked continue for the rest of the year.
Uzbekistan.

logistics order for Uzbek liquefied gas, light condensation, granulated
SGCC to date produces polyethylene,
gas chemical complex sulfur, purified natural gas and other finished
polyethylene products.
South Korean CJ Logistics has announced
that CJ ICM, the company’s subsidiary in the
Middle East, has won a $35.4mn logistics

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