Gulf Oil and Gas accountACCOUNT

Jura Commencemes Commercial Production from Badin IV South Block

Source: www.gulfoilandgas.com 2/13/2020, Location: Asia

Jura Energy Corporation is pleased to announce that, after successful testing and commissioning of production facilities, commercial production has commenced from the Ayesha, Aminah and Ayesha North leases (“Badin IV South leases”) in the Badin IV South Block.

The current production from the Badin IV South leases comprises of approximately 22 MMcf/d (net to Jura 6.05 MMcf/d) of Conventional Natural Gas (“CNG”) and 174 Bbl/d (net to Jura 46.85 Bbl/d) of Natural Gas Liquids (“NGLs”) at an average NGL yield of approximately 7.90 Bbls/MMcf. The CNG production from the Badin IV South leases is being sold to Sui Southern Gas Company Limited, whereas the NGLs production is sold directly to refineries in Pakistan.

The sale price of CNG and NGLs production from Badin IV South leases shall be determined under the Pakistan Petroleum Exploration and Production Policy 2012, using prescribed formulae for CNG and NGLs, based on the carriage and freight price of a basket of crude oil (“C&F Price”) imported into Pakistan. Based on the C&F Price of US$ 53/Bbl, the CNG and NGLs production from Badin IV South leases is expected to be entitled to a price of approximately US$ 4.54/MMBtu and US$ 48.45/Bbl respectively. The actual realized price may vary due to change in applicable C&F Price.

The Badin IV South leases covers an area of approximately 39.49 square kilometres and are located in the districts of Badin and Sujjawal, in the Sindh Province of Pakistan.

Jura holds a 27.5% working interest in the Badin IV South Block, which is operated by Petroleum Exploration (Private) Limited.

Production News in Pakistan >>

Russia >>  4/9/2020 - LUKOIL started test production at three oil fields of the Komandirshorskaya Group – Komandirshorskoye, North Komandirshorskoye and West Komandirshorsk...
United Kingdom >>  4/7/2020 - Ithaca Energy Limited is pleased to provide the following operations update together with the results of its year-end 2019 independent reserves evalua...

Libya >>  4/6/2020 - The forced and illegal restriction of oil and gas production has resulted in financial losses exceeding 3,957,326,455 USD?since January 17, 2020. This...
Oman >>  4/6/2020 - In response to the sharp drop in oil prices and increased uncertainty resulting from the Novel Coronavirus (COVID-19) pandemic, Tethys Oil has put in ...

United Kingdom >>  4/6/2020 - RockRose Energy plc, the independent oil and gas production company, is pleased to announce its Full Year Results for the 12 months to 31 December 201...
Brazil >>  4/1/2020 - Dommo Energia S.A. announces to the market that the oil production from Tubarao Martelo Field (“TBMT”), operated by the company, reached 165,070 barre...

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  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Pakistan Oil & Gas 1 >>  2 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.