Echo Energy Provides Progress Update

Source: www.gulfoilandgas.com 8/26/2022, Location: South America

Echo Energy, the Latin American focused energy company, is pleased to provide a further update regarding progress in the execution of the Santa Cruz Sur assets' Production and Infrastructure Enhancement Plan originally announced on 7 July 2022 (the "Plan").

The first operational priority under the Plan was to upgrade the power generation capacity sufficient to sustain and contribute to the anticipated elevated production levels. The Company is pleased to announce that following mobilisation, all three additional power generation units have now been successfully installed on schedule in the respective fields.

The power generation unit installed in the larger Cerro Molino Oeste field (1,375 Kilo Volt Amps (KVA) capacity) has also been successfully commissioned and is available to support existing and future production levels. Work continues by the Santa Cruz Joint Venture staff to plan on commissioning of the remaining two installed units in the El Indio Oeste field and Oceano fields (both 375 KVA capacity).

Upgrades to the workover rig owned by the Santa Cruz Joint Venture are also being scheduled and include an overhaul of the hydraulic system and the blowout preventer (BOP) stack.

The successful installation of the additional power generation capacity and the planned upgrades to the workover rig represent critical steps in the delivery of the Plan. The Company looks forward to continuing to update shareholders on progress on the Plan throughout this year.


Canada >>  11/29/2022 - Suncor Energy released its 2023 corporate guidance today.

“Over the past several months, our new mining leadership has done an in-depth re...

Trinidad and Tobago >>  11/29/2022 - bp Trinidad and Tobago LLC (bpTT) confirms its Cassia C development has safely delivered first gas.

Cassia C is bpTT’s first offshore com...


Tunisia >>  11/28/2022 - Serinus Energy plc ("Serinus") (SEN), is pleased to announce its interim results for the nine months ended 30 September 2022. ...
United Kingdom >>  11/25/2022 - IOG plc ("IOG"), (IOG.L), the Net Zero UK gas and infrastructure operator focused on high return projects, provides a further Phase 1 operational up...

Israel >>  11/24/2022 - - Net revenues up c.28% totaling around $265 million compared with around $207 million last year
- Growth in quantity of natural gas produced fro...

United Kingdom >>  11/24/2022 - EnQuest Chief Executive, Amjad Bseisu, said:
“The Group has delivered good production performance from its operated assets since the beginning of...





Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.