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Onal Project: Entering the Final Phase of Reception Facilities

Source: www.gulfoilandgas.com 2/9/2009, Location: Africa

The reception of the production facility of the ONAL field has entered its final phase. Production from this field should be about 10,000 boepd and will allow the Group to achieve its production objectives.

The connection of the production center facilities and four pumping-heating stations built along the 120 km pipeline to a gas field is now in effect:

- The supply of gas, planned for end of December 2008, and delayed for technical and commercial reasons (in particular, the unavailability of personnel at the subcontractors) began on January 13, 2009. Gas from the Harelde field (Perenco) reached ONAL without incident on Saturday February 7, 2009;

- The tests of equipment that operates on gas began on Sunday February 8, 2009. Other tests began two weeks ago.

Moreover, the laying of a 7 km pipeline along the track connecting the OMKO field to the ONAL production center is progressing quickly.

The Company will make an announcement for the first oil of the production facility, which, except for unforeseen technical problems, should occur before the end of the month.

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