Pipe Lines Installations: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

New 8-Inch Pipeline Start of Production

Source: www.gulfoilandgas.com 2/13/2012, Location: Africa

Share |

Circle Oil Plc (AIM: COP), the international oil and gas exploration, development and production company, is pleased to announce the following update regarding the commissioning of the new pipeline and associated infrastructure for its Rharb Basin permits in Morocco. The pipeline has been successfully pressure tested, certified and commissioned. Test supplies commenced on 1 February 2012 and gas has been supplied to local industry since that date.

The total delivery through the new pipeline is currently approximately 36,000 Nm3/d (1.27 MMscf/d). This is scheduled to rise to approximately 90,000 Nm3/d (3.18 MMscf/d) by the start of March. Total deliveries through the old and new pipeline will then be approximately 150,000 Nm3/d (5.30 MMscf/d) with net revenues to Circle, on an annualised basis, increasing to approximately US$14 million per annum on this initial increase in gas supply levels. Further increases in production are expected through the year with fourth quarter production anticipated to be in the order of 230,000-240,000 Nm3/d (8.13 - 8.48 MMscf/d).

Circle, through its wholly owned subsidiary, Circle Oil Maroc Ltd. holds a 75% interest in the Sebou and Lalla Mimouna Permit Concessions with the remaining 25% held by ONHYM. In addition, it holds a 60% interest in the Oulad N'zala Permit Concession with the remaining 40% held by ONHYM. Circle has a 75% interest in the new 8-inch pipeline with the remaining 25% held by ONHYM.

Prof Chris Green, CEO, said: "I am delighted to be able to report the successful start of commercial gas deliveries from our new pipeline in the Rharb. Circle and its partner have now begun to significantly increase gas supplies and associated revenues as the next step in further exploiting our Rharb acreage".

Pipe Lines Installations News in Morocco >>

Oceaneering Wins $100m Contract for OCTP Project in Ghana
Ghana >>  3/23/2015 - Oceaneering International, Inc., as part of a consortium with GE Oil & Gas, has secured a contract with ENI Ghana Exploration and Production, Ltd. and...
Huge O&G Investments during Egypt Conference
Egypt >>  3/18/2015 - The Egypt Economic Development Conference (EEDC) that took place last week in Sharm El Sheikh saw investors taking active steps to invest in Egypt eco...

GE Wins $850 Million Order for OCTP Block in Ghana
Ghana >>  3/16/2015 - GE has booked an $850 million order across its Oil & Gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) block, Ghana. T...
Eni Signs $5b Heads of Agreement with Egypt
Egypt >>  3/14/2015 - The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed with Eniís CEO, Claudio Descalzi, a Head of Agreement aimed at the de...

Africa Economy in Feburary 2015
Egypt >>  3/7/2015 - In South Africa, the central bank left its key repo rate on hold at 5.75% in January as inflationary pressures eased. The bank said that the bar for r...
BP Signs $12bn Deal to Develop Egypt Gas Field
Egypt >>  3/6/2015 - BP declared that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 mill...



Related Categories: Civil Works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations  Steel Works 

Related Articles: Civil Works  Construction Contractors  Electrical Works  Engineering Procurement and Construction (EPC)  Engineering Procurement and Construction Management (EPCM)  General  Mechanical Works  Pipe Lines Installations 


Morocco Oil & Gas 1 >>  2 | 3 |

More News

Oil & Gas Companies in Morocco >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed