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Win-win cooperation: The company joins hands with Grenada Group to sign a gas cooperation scheme
On 26 September 2018 Anhui Guangda and Grenada Oil & Gas Group Inc. signed a gas exploration & development cooperation contract in Beijing. The two parties will cooperate in the development of Grenada's onshore and shallow offshore natural gas, which covers an area of 2,500 square kilometers.
The acquisition, processing and interpretation of 3D seismic data has been completed in the work area and an exploratory well has been completed and is pending testing. Following the completion of preliminary geological and geophysical studies, controlled gas reserves is over 20 trillion cubic feet (>20 Tcf) and the ultimate gas reserves are expected to exceed 40 trillion cubic feet (>40 Tcf).