PA Resources Commences Production from Alen Field

Source: www.gulfoilandgas.com 7/25/2013, Location: Africa

PA Resources advises the commencement of production from the Alen field in Equatorial Guinea where the company holds a 0.285% unitised interest.

PA Resources holds a 0.285% unitised interest in the Alen gas/condensate field in Equatorial Guinea through its 5.7% interest in Block I which contains 5% of the field, with the remaining 95% lying in Block O. The field has been developed by a consortium comprising of the Block O and I partners and is operated by Noble Energy EG Limited.

Produced gas and condensate volumes have increased over recent weeks as commissioning of wells and facilities continues towards full operations later in Q3. Whilst the Alen field will only contribute at modest production levels net to PA Resources, Alen utilises the Aseng FPSO for condensate storage and the sharing of facilities and costs with the Aseng field is expected to reduce the operating costs attributable to Aseng by gross USD 50-60 million per year. For PA Resources this means a reduction in Aseng operating costs in excess of USD 3 million on an annual basis.

The Alen Field development project has been delivered ahead of schedule and slightly below the sanctioned cost of USD $1,370 mm (PA Resources share approximately USD 4.1 million).

Graham Goffey, Managing Director for North Sea and West Africa, commented: “We are pleased to see our second Block I field development commence production and we now look forward to the results from the ongoing Diega appraisal programme, which is proceeding according to plan”.

For more information about related Opportunities and Key Players visit West Africa Projects


Colombia >>  7/22/2024 - New Quarterly Production Record in CPO-5
Consolidated Pro Forma Production Over 41,000 boepd as of July 1, 2024

GeoPark Limited (“G...

Colombia >>  7/21/2024 - Interoil’s daily average operated production in June was 1,719 boepd, down 604 boepd compared with figures for May. June’s daily operated production r...

Trinidad and Tobago >>  7/19/2024 - Trinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, provides an update on operations for the...
Egypt >>  7/18/2024 - Pharos Energy plc, an independent energy company, issues the following Trading and Operations Update in advance of the Company's Interim Results on 18...

Gabon >>  7/18/2024 - • M&P working interest production in first-half 2024: 37,113 boepd, up 29% compared to the second half of 2023 (10% excluding Venezuela)
o M&P w...

Ukraine >>  7/17/2024 - Enwell Energy plc (AIM: ENW), the AIM-quoted oil and gas exploration and production group, provides an update on its operational activities in Ukraine...

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  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 


Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.