Gulf Oil and Gas accountACCOUNT

Manas 1st Year Mongolian Program Completed Early

Source: www.gulfoilandgas.com 12/4/2009, Location: Asia

Manas Petroleum Corporation is pleased to report that DWM Petroleum, its 100% owned subsidiary, has completed its year-1 work program on blocks 13 and 14 in Mongolia, ahead of schedule. The work was originally expected to be completed on April 21, 2010.

The operation was managed by Boris Goldinshtein, Manas' General Manager for Central Asia, with operations being performed by Manas Gobi ltd., located in Ulan Bataar. The technical work entailed the collection and processing of:

- geological data from previous exploration campaigns,
- geological mapping,
- geological structural sections, and,
- paleontolic stratigraphical work and gravimetry.

The resulting technical data were merged into a data base which was then queried to identify geologically interesting structures. The results produced definitive and interesting anomalies which is planned to be further analyzed through acquired seismic studies.

The Mongolian government has acknowledged their satisfaction with the technical work performed to date and have subsequently released, as of December 1, 2009, DWM's $ 2 Million Dollar Bank Guarantee. A portion of this money will be used for ongoing operational purposes with the remainder to be used to repay a debt obligation linked to the original Bank Guarantee.

Manas owns a 74% interest in blocks 13 and 14, which cover an aggregate of over 20,000 square kilometers, or almost five million acres, of land located on Mongolia's southern border.

Oil Field Services News in Mongolia >>

China >>  3/25/2020 - McDermott International, Inc. announced that Chevron Lummus Global (CLG), McDermott's joint venture with Chevron, has been awarded a sizeable* contrac...
Azerbaijan >>  3/19/2020 - SOCAR and Norway’s Equinor have confirmed a discovery of Karabagh field located 120 kilometers offshore, east of Baku, in the Azerbaijan sector of the...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Mongolia Oil & Gas 1 >> 

More News

Related Links

AF AZ BD BN CN GE HK ID IN IR JP KG KH KR KZ LK MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.