Gulf Oil and Gas accountACCOUNT

Calvalley Petroleum Provides Operations Update

Source: www.gulfoilandgas.com 5/15/2014, Location: Middle East

Share |
Calvalley Petroleum Inc. Provides the following operations update for shareholders. on May 7, 2014 the oil pipeline between Block 18 and the Ras Isa Terminal on the Red Sea was ruptured in two locations. On May 8, 2014, the operator of Block 18 indicated that no further shipments of crude oil would be accepted from Calvalley until the pipeline was repaired.

At the time of the rupture, crude oil inventories at the Company’s central processing facility (”CPF”) were reduced to normal operating levels, leaving storage capacity available for approximately 10 days production. Since the rupture on May 7, 2014, the pipeline operator has been unable to repair the pipeline due to local constraints.

Calvalley intends to manage its production operations at Block 9 consistent with available storage capacity at the CPF and the ability to transport its crude oil production. The Company plans to initiate the drilling of the Ras Nowmah 7 appraisal well as soon as the required services can be made available.

Calvalley management and staff continue to work closely with the government of Yemen and local officials to resolve the concerns of locals in the region of Block 9 in order to access the transportation route to the crude oil transfer facilities at Block 51.

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.

For more information about Oil and Gas in Yemen visit Yemen Projects Database

Oil and Gas Pipeline >>

Oil and Gas Pipeline News in Yemen >>

United Kingdom >>  12/13/2017 - Weeks-long closure after discovery of hairline crack has lead to concerns over how higher prices could affect consumers during cold snap. The closure ...
Russia >>  12/12/2017 - Gazprom Neft has secured six patents for proprietary non-contact pipeline diagnostics technologies — which do not, as yet, have any competition in the...

Russia >>  12/8/2017 - The Gazprom Management Committee took note of the information regarding the progress of the Nord Stream 2 project. It was noted at the meeting that th...
Russia >>  12/7/2017 - On December 5, 2017, the Urdomskoye Gas Pipeline Operation Center (GPOC), a large company doing business in the Arkhangelsk Region and one of the 14 G...

Russia >>  11/30/2017 - Nord Stream AG celebrates reaching another milestone in its reliable supply of natural gas. In November 2011, the first line started operations. Line ...
Russia >>  11/29/2017 - The Gazprom Board of Directors took note of the information regarding the Company’s efforts for the gasification of Russian regions. It was highlighte...

Related Categories: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 

Related Articles: General  LNG Carriers  LNG Terminal  Natural Gas Storage  Oil and Gas Pipeline  Oil Storage  Railways  Tank Truck  Tankers 


Yemen Oil & Gas 1 >>  2 | 3 | 4 | 5 |

More News

 

Oil & Gas Companies in Yemen >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.