Forty development wells are planned to be drilled this year at Fuyu 1.
As of 5 August, 29 wells had been completed since the Chinese government last October approved the overall development plan (ODP) for the phased development of the Yongping oilfield on the block.
The approved ODP involves the drilling of up to 1008 shallow wells over five years. Fuyu 1’s low-sulphur heavy crude has an API of 18.5
