PetroChina grilled 2018 but drilling continued on30 Aug 2019 09:03
5th MAY 2018
Mongolian Mining Minister grills Chinese oil company
A delegation, led by Mining and Heavy Industries Minister D.Sumiyabazar, is currently working in the eastern provinces of Mongolia to see how efficiently the oil companies are operating. On 5 May, as part of the inspection, D.Sumiyabazar visited PetroChina Daqing Tamsag LLC, which is extracting oil in the Tamsag area of Dornod Province’s Matad Soum.
The Mining Minister held a three-party meeting with Dornod Provincial Governor M.Badamsuren and Jiang Weidong, president of PetroChina Daqing Tamsag LLC. At the discussion, the Dornod Governor complained that the Chinese company was not fulfilling its contractual obligations to hire 200-300 Mongolians who graduated by oil exploration and technical professions. Governor Badmasuren said that the Chinese had not hired a single graduate from the local Dornod Polytechnical College. In the Chinese defence, Mr. Jiang Weidong said, 75 percent of the 630 Mongolian employees are locals and if they need more workers, they will hire locals.
Mining Minister D.Sumiyabazar instructed the Chinese company to hire more locals, to provide details on sub-contributor and procurement activity, to undertake upstream rehabilitation activity, to maintain work safety standards and to complete the stipulated road construction requirement, and to adhere to Mongolian laws.
The 100 percent Chinese owned PetroChina Daqing Tamsag LLC has a 20 years agreement to exploit hydrocarbon reserves in the Tamsag area. From 2005 to 2017, the company extracted over 5.8 million of crude oil.
5th May 2018 News.mn ?????? ????????? ????????? ???????? ?????
https://news.mn/en/777984/
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20th August 2019
Petro Matad Limited RNS
Operational Update
Petro Matad Limited the AIM quoted Mongolian oil explorer, provides the following update on the Heron-1 and Red Deer-1 wells in Block XX, eastern Mongolia.
Further to its announcement on 14 August 2019, the Company reports that all processes for obtaining the land permits for the Heron and Gazelle well sites have been completed and issuance of the permits is waiting on final signature by the local governor. In the meantime, operations are continuing as normal at the Heron well site and based on current performance the drilling and logging of Heron-1 are forecast to be completed around 9th September.
Operations at the Red Deer location are proceeding as planned. The well has reached its intermediate casing point and preparations are underway to drill the next hole section. The Company confirms that the land permit for the Red Deer well site has been obtained.
Further updates will be provided in due course.
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