Independent Resources announces the start of acquisition of new seismic data over the IRG-operated Fiume Bruna coalbed methane (CBM) project near Italy's north-west coast; this is the country's first CBM project.
This work follows the Italian Government's approval of the Company's seismic and drilling plans announced in September this year. The seismic data will be used to select locations for several wells to be drilled within an agreed area in the coming months. These wells will be put on long-term production tests to determine gas production and any water flow rates from the coal.
Results from earlier seismic and appraisal work, including the drilling and coring of a stratigraphic borehole late in 2006, have produced an in-place resource estimate for Fiume Bruna of 170 billion cubic feet, with a recoverable resource of 92 billion cubic feet.
IRG is working at Fiume Bruna alongside Norwest Questa Engineering, a leading US consultancy group with specialist CBM expertise. Rigs and service companies have been short-listed, and negotiations are at an advanced stage to finalise these contracts.
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