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Tuesday, November 7, 2017
Sterling Energy saw its net production from Mauritania’s Chinguetti oil field drop in Q3 compared to the same period in the previous year. The company has economic interests in the Chinguetti field through a funding agreement with SMHPM, Mauritania’s national oil company, and a royalty agreement with Premier Oil.
Chinguetti field production, net barrels of oil to the group (including royalty barrels) in the period totalled 17,311 barrels, that is almost half of the total for Q3 2016. The group saw a net average of 188 bpd, compared to 351 bpd for the equivalent period in Q3 2016.
The lower production in Q3 2017 was a result of operational difficulties, which continue into Q4 2017. All Chinguetti field wells, except for the Banda Gas -2, were shut-in on September 2 due to an abnormally large loss of gas lift and pressure drop.
Following a successful well intervention using a ROV the wells were opened up to resume normal production on October 17 successful the ROV vessel Ocean Intervention, the wells were opened up to resume normal production on the 17 October 2017. It is hoped that a sustained production in excess of 2,500 bpd can be achieved once production has stabilized.
Petronas, the operator, is continuing its work with the government and JV partners and relevant stakeholders on A&D approval and then executing a safe, cost-effective and technically robust decommissioning and abandonment program from November 2017.
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