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Friday, July 26, 2013
Equatorial Guinea saw a boost in its production totals with the advent of production from a new development. Both Noble Energy and PA Resources reported that the Alen gas/condensate field in Block I and Block O began flowing late in Q2.
Produced gas and condensate volumes have increased over recent weeks as commissioning of wells and facilities continues towards full operations later in Q3. The Alen utilizes the Aseng FPSO for condensate storage and the sharing of facilities and costs with the Aseng field.
The Alen Field development project was delivered ahead of schedule and less than 2.5 years from the time of sanction. The project also came in slightly below the sanctioned cost of $1.3 billion.
Graham Goffey, PA Resources’ MD for North Sea and West Africa, commented: “We are pleased to see our second Block I field development commence production and we now look forward to the results from the ongoing Diega appraisal program, which is proceeding according to plan.”
Noble Energy’s chairman and CEO Charles D. Davidson said: “Our second quarter results position us well to meet our objectives for 2013 and continue to lay a foundation for long-term, sustainable growth. The commencement of production at Alen is a milestone accomplishment and marks our fourth major project brought online in the last two years, within budget and ahead of schedule.”
Noble also revealed in its latest report that the Aseng field, also in Equatorial Guinea, has reached a milestone of 35 million barrels of oil produced and recently came off plateau as expected, currently producing approximately 50,000 bpd gross.
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