Gulf Oil and Gas accountACCOUNT

Hardman Announces Operating Cash Flows Chinguetti

Source: www.gulfoilandgas.com 5/15/2006, Location: Africa

Share |
Hardman Resources Limited provides the following update in respect of the Woodside operated Chinguetti oil field, offshore Mauritania. As Hardman has previously announced, production from the field averaged 66 mbopd for the month of March and 53 mbopd for April 2006. Production for the period 1 May to 10 May 2006 has averaged 45 mbopd.

The Operator has reported that the principal reasons for the lower production are the minimal contribution from the two production wells in the northern part of the field and gas and water management issues. The failure last week of a gas compressor onboard the FPSO, Berge Helene, will further delay the commissioning of gas re-injection to the Banda field and therefore resolution of facilities gas handling issues, as well as the availability of gas lift to support production.

Production from Chinguetti is not expected to increase significantly from the present level until well intervention and/or additional drilling takes place. Such remedial actions are currently anticipated by end of the third quarter or beginning of the fourth quarter 2006. Optimally configured wells or sidetracks should add potential of at least 10 mbopd per well in the southern sector of the field and 5-10 mbopd in the northern sector. Plans for even earlier intervention, including sourcing additional completion equipment, are currently being evaluated though would have the effect of delaying the commencement of the 2006 Mauritanian exploration campaign.

The current production issues do not impact on estimates of oil in place nor likely ultimate recoverable reserves, though additional investment may be required to access those reserves. Anticipated operating cashflows from Mauritania will remain robust given high current oil price realisations despite the lower production from Chinguetti.

Exploration News in Mauritania >>

Brazil >>  2/21/2018 - Brazil's regulator, ANP, has announced that the Special Bidding Committee (CEL) has analysed the companies that requested to be registered in the 15th...
Cyprus >>  2/21/2018 - Cyprus said it would press ahead with oil and gas exploration, signalling resolve in a standoff with Turkey over access to potential energy riches aft...

Guyana >>  2/21/2018 - Eco (Atlantic) Oil & Gas Ltd., is pleased to provide an operations update on its Orinduik Block offshore Guyana. Eco (Atlantic) Guyana Inc., the Compa...
Iraq >>  2/20/2018 - Mr. Assim Jihad the spokesman of the ministry of oil revealed for a near visit by Mr. Jabbar Ali Al-Luiebi the minister of oil to Turkey before the en...

Jamaica >>  2/20/2018 - CGG GeoConsulting and the Petroleum Corporation of Jamaica (PCJ) have announced the discovery of two independent live oil seeps from different parts o...
Mexico >>  2/16/2018 - Drilling of the first new exploration well in BHP Billitonís deepwater Trion project will begin in October, part of a plan approved by Mexican regulat...

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 


Mauritania Oil & Gas 1 >>  2 | 3 |

Oil & Gas Projects in Mauritania >>

More News

 

Oil & Gas Companies in Mauritania >>


Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.