Gulf Oil and Gas accountACCOUNT

Calvalley Provides Operations Update in Yemen

Source: www.gulfoilandgas.com 4/3/2012, Location: Middle East

Share |
Calvalley Petroleum Inc. provides the following operations update: Optimization projects at the Hiswah field have increased crude oil production resulting in gross production volumes for the last five days of the quarter averaging approximately 5,800 bpd for Block 9.

Production curtailments at Ras Nowmah for eleven days in March due to truck shipment security issues, together with a full production shut down in February due to blockades around the Company’s central processing facility and an unrelated strike by workers who operate the third party crude oil export facility negatively impacted average production volumes in the first quarter.

Average gross production volumes for the first quarter are estimated to be approximately 3,800 bpd with the Hiswah field contributing approximately 2,600 bpd and the Ras Nowmah field approximately 1,200 bpd.

The Company continues to focus on production optimization activities and has recently completed pump changes in the Hiswah field increasing average production volumes to more than 3,400 bpd for the last five days in March. Production from the Ras Nowmah field for the same five day period in March averaged approximately 2,400 bpd. Production from the Al Roidhat field is currently shutin due to local issues.

The Company sold 206,957 barrels of crude oil in January 2012 at a price of US$112.85 per barrel, representing an average daily sales volume of 2,270 bpd (Company share before royalties and taxes) for the quarter. Calvalley’s inventory of crude oil (net of royalties and taxes) at the end of the quarter is approximately 35,000 barrels.

Management priorities include resuming production in the Al Roidhat field (which has production capability in the 1,200 – 1,500 bpd range), additional production optimization activities at Hiswah and finalizing plans to start the development and exploration drilling program.

Calvalley is an international oil and gas company, with offices in Calgary, Alberta, Canada, that operates its 50% working interest in Block 9 of the Masila Basin, in The Republic of Yemen and its 100% working interest in the Metema Block of the Blue Nile Basin, in The Republic of Ethiopia.

Production News in Yemen >>

United States >>  10/13/2017 - BNK Petroleum Inc. is pleased to announce that the Brock 9-2H well (100% working interest) averaged about 730 Barrels of oil equivalent per day (BOEPD...
Russia >>  10/10/2017 - Exillon Energy plc ("Exillon Energy", the "Company" or the "Group") (EXI.LN), a London Premium listed oil producer with assets in two oil-rich regions...

Iran >>  10/9/2017 - The Iranian Central Oil Fields Company (ICOFC) produced an average of 181,000 barrels per day of crude oil over the first half of the current Iranian ...
Australia >>  10/8/2017 - Chevron Corporation has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to b...

Iran >>  10/7/2017 - Iran"s production of crude oil from Azar Oilfield, shared with neighboring Iraq, has exceeded 4 million barrels, operator of the field says. ...
Norway >>  10/6/2017 - Italian oil firm Eni’s Arctic Goliat oilfield off Norway will remain shut for repairs for “some weeks”, a company spokesman said. Norway’s Petroleum S...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Yemen Oil & Gas 1 >>  2 | 3 | 4 | 5 |

Oil & Gas Projects in Yemen >>

More News

 

Oil & Gas Companies in Yemen >>


Related Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.