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Gulfsands Completed Commissioning of Pipeline

Source: www.gulfoilandgas.com 10/6/2010, Location: Middle East

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Gulfsands Petroleum plc, the oil and gas production, exploration and Development Company is pleased to provide the following update on the Company's operations at Block 26, Syria.

Commissioning of the 22 km oil pipeline linking the Khurbet East EPF with the oil export facility at Tal Adas has been completed and oil is now being transported to Tal Adas via the new pipeline. The oil trucking operation, which has been utilised since production commenced in July 2008, has been discontinued and all of the current production from the Khurbet East and Yousefieh fields are being transported via the new pipeline.

The Company is also pleased to report the completion of construction at the Khurbet East EPF of a new oil storage tank taking the EPF combined storage capacity to approximately 15,000 barrels of oil. This tank has been installed to provide additional storage that can be utilised in the event of an unplanned shut-in of the oil export pipeline.

Commenting on this operations update, Ric Malcolm, CEO of Gulfsands, said
"The commencement of operations using the new pipeline marks a major milestone for the Company, which will further enhance operational efficiencies and reduce even further our already low cost of producing and transporting oil. I would like to express our gratitude for the considerable assistance and cooperation we received from Syria's General Petroleum Corporation and various departments of the Syrian government to bring this important project online and congratulate our team in Syria for their terrific execution of this project."

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Related Categories: Civil Works  Civil Works - Finishing works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

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