Arrow Opens Study Centre in Beijing, China
Queensland-based coal seam gas company Arrow Energy is tapping into the oil and gas expertise of its parent companies by opening a joint study centre in Beijing, China for leading gas production technology.
The Arrow Beijing Study Centre is manned by 15 staff including petroleum engineers, geologists and reservoir engineers to study gas development technologies for extracting coal seam gas in Australia.
Arrow Energy CEO Andrew Faulkner said the Centre was an exciting joint project for Arrow and China National Petroleum Corporation (CNPC) — who’s subsidiary, PetroChina, is Arrow’s joint venture partner.
“This centre is designed to be a world class facility for coal seam gas production technology and research,” Mr Faulkner said.
“It allows Arrow to leverage CNPC’s coal seam gas expertise from projects around the world.
“This team of experts led by Dr Hon-Chung Lau from Arrow will be based in CNPC’s Research Institute of Petroleum Exploration and Development (RIPED) in Beijing.
“They will take key learnings from PetroChina’s international projects and adopt the best fit technology and methods for coal seam gas development in Australia.
“The Centre will initially focus on Arrow’s upstream work in the Bowen Basin but will also look at the wider and longer term development opportunities.”
Mr Faulkner said the Arrow centre not only built specialist capacity for the business but also encouraged Australian-Chinese staff exchanges across both Arrow and PetroChina.
“This will promote staff exchanges between Beijing and Brisbane for periods of several months,” Mr Faulkner said.
Arrow Chief Operating Officer and senior CNPC representative Feng Jianhua said the Arrow Beijing Study Centre was an important project for both Arrow and CNPC.
“This centre is an important milestone for CNPC, as it represents a long-term relationship between a foreign joint venture company and RIPED,” Mr Jianhua said.
“It is significant because it lays the foundation of a long-term relationship that will benefit both companies and countries.”
LNG World News Staff, May 18, 2012