Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services »
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account Gulfoilandgas rss feed Follow us on Facebook  Jobs 
Products and vendors Services and providers Oil & Gas Software and publications

Afren Receives all Approvals for Barda Rash Field

Source: www.gulfoilandgas.com 1/23/2012, Location: Middle East

Share |

Afren plc issues the following trading statement and operations update, in advance of the Company’s 2011 full year results, which are scheduled for release on 27 March 2012. Information contained within this release is un-audited and is subject to further review.

Barda Rash PSC
Following the announcement in July 2011 that it had acquired a 60 per cent operated interest in the Barda Rash PSC and 20 per cent non-operated interest in the Ain Sifni PSC, in December 2011; the Company received all necessary approvals of the FDP for the Barda Rash discovery. Work is now focused on the development of 506 mmbbls of recoverable light oil, the first stage of which comprises re-entering the three existing wells that have been drilled at the field to date, completing them as production wells and commissioning a modular early production system. Production will be trucked to nearby pipeline export points and ultimately exported via the planned Taq Taq to Ceyhan export pipeline once constructed and commissioned. The Company will then commence the drilling and completion of multiple new development wells with the intention of increasing production to a planned trucking capacity of 35,000 bopd and ultimately to a targeted 125,000 bopd by 2017. Ongoing development beyond the light oil phases will then focus on the development and production of 964 mmbbls of recoverable heavier oil resource, offering further large-scale production growth potential over the medium to longer term.

Ain Sifni PSC
The operator, Hunt Oil, spudded the Jebel Simrit-2 exploration well at the end of October 2011. The well is seeking to prove and test Cretaceous, Jurassic and Triassic reservoirs at the western extent of the Jebel Simrit anticline structure and is drilling ahead in accordance with the planned schedule. In 2010, the Jebel Simrit-1 discovery well was drilled on the crest of the structure and logged continuous oil pay from 1,110m to 3,070m in Cretaceous and Jurassic reservoirs. Triassic reservoir targets were not penetrated by the well and no oil water contact was established. Subsequent exploration wells are also planned on the low risk East Simrit and Maqlub structures.

Exploration News in Iraq >>

Gabon to Start Final Talks for Offshore Oil Blocks
Gabon >>  7/22/2014 - Gabon has selected seven companies for a final round of negotiations as part of a licensing round for its deep offshore oil blocks, the country's oil ...
ANP Grants 2nd Exploration Phase of Block SOL-T-195
Brazil >>  7/21/2014 - HRT Participaçoes em Petroleo S.A, hereby informs that, complementing what was disclosed in the News Release as of April 1, 2014, the National Petrole...

Swala Energy Commits to Drill in Kenya Block 12B
Kenya >>  7/21/2014 - Swala Energy Limited (Swala) is pleased to advise that the Company’s joint venture partner and the Operator in Block 12B in Kenya, Tullow Oil plc (Tul...
Tumbes Basin Exploration Block Z-38 Placed into Force Majeure
Peru >>  7/21/2014 - Karoon has received notification from the Peruvian oil and gas regulator, Perupetro S.A. that the Company’s application to place the Tumbes Basin expl...

Croatia Launches First Onshore Licensing Round
Croatia (Hrvatska) >>  7/18/2014 - Croatia has opened its first onshore licensing round, offering oil and gas companies a chance to find hydrocarbons that could lie in six blocks across...
Circle Oil Plans Exploratory Well in Block 49
Oman >>  7/15/2014 - Circle Oil, an international oil & gas exploration, development and production company, says it plans to drill an exploration well in its Block 49 con...



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 


Iraq Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 |


More News

Oil & Gas Projects in Iraq >>

Oil & Gas Companies in Iraq >>

Related Links

Countries Quick Links

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas E-Marketplace - Promote your Business - About Us
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us