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G3 Exploration receives final approval to develop Chengzhuang Block (GCZ)

Randeep Grewal, chief executive of G3 Exploration PLC (LON:G3E), spoke to Proactive's Andrew Scott after receiving final approval from China’s National Development and Reform Commission (NDRC) to develop the Chengzhuang Block (GCZ).

The overall development plan approval covers 33 sq km of the 67sq km licence, which is situated in Shanxi Jincheng Qinshui county.

G3 has a 47% participating interest alongside state-controlled China National Petroleum Corporation (CNPC), which holds the remaining 53%.

 

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