Gulf Oil and Gas accountACCOUNT

Afren Plc Provides Q3 of 2012 IMS for Ivory Coast

Source: www.gulfoilandgas.com 11/13/2012, Location: Africa

Afren plc, announces its Interim Management Statement and financial results for the nine months ended 30 September 2012 and an update on its operations year-to-date 2012, in accordance with the reporting requirements of the EU Transparency Directive. Information contained within this release is un-audited and is subject to further review.

Commenting on this IMS, Osman Shahenshah, Chief Executive of Afren plc, said:

“Afren has delivered another period of record financial results following the year-on-year increase in net production offshore Nigeria. The Company is on course to realise over a billion dollars of net operating cash flow in 2012, all from Afren’s greenfield developments. I am also particularly pleased to see our ongoing exploration campaign delivering commercial success; with multiple E&A wells planned over the coming months in Nigeria, East Africa and the Kurdistan region of Iraq, Afren is well placed to continue to add to the growing reserves base.”

CI-11 and Lion Gas Plant

Average gross production to 11 November 2012 at CI-11 was 4,923 boepd, with 807 boepd of Natural Gas Liquids (NGL) production at the Lion Gas Plant. Production operations continue uninterrupted at the Company’s assets in Cote d’Ivoire and remain in line with expectations.

CI-01

Progress is being made to advance the field development plan and associated work programme with Petroci and the Government on this block. 3D seismic to augment the existing well and seismic dataset is expected to be part of this programme. It is believed that the acquisition of new data will significantly enhance the prospectivity of this block.

Production News in Ivory Coast (Cote D'Ivoire) >>

Iran >>  7/13/2019 - Iran has awarded dozens of contracts worth $6.2 billion to domestic companies to have oil production increase by 280,000 barrels per day (bpd) as part...
Russia >>  7/9/2019 - Specialists from RN-Purneftegaz, a subsidiary of Rosneft, have implemented modern technology that improves well productivity and extends production pe...

Netherlands Antilles >>  7/8/2019 - Tulip Oil Netherlands Offshore, a wholly owned subsidiary of Tulip Oil Holding, is pleased to announce the latest quarterly Q10 Project update. ...
France >>  7/3/2019 - Total has started up production at the La Mède biorefinery in southeastern France, with the first batches of biofuel coming off the line. It is the fi...

Mexico >>  7/2/2019 - Eni has started the early production phase from the Mizton field in Area 1, located in the Campeche Bay offshore Mexico. This is the first step in the...
United Arab Emirates >>  7/2/2019 - Al Dhafra Petroleum, a joint venture between the Abu Dhabi National Oil Company (ADNOC), the Korea National Oil Company (KNOC) and GS Energy, and one ...

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 


Ivory Coast (Cote D'Ivoire) Oil & Gas 1 >>  2 |

Oil & Gas Projects in Ivory Coast (Cote D'Ivoire) >>

More News

Related Links

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