Cadence Minerals plc has identified savings of 33% for processing plant recommissioning and increased production at the Amapá iron ore project in northeast Brazil. REDESIGN A capital expenditure optimisation programme, conducted at pre-feasibility level, showed US$63.2 million savings associated with the plant. This sees costs fall from $191.7m to $128.5m. Forecast increased production is approximately […]
Tag: production
WR-34Z begins production ahead of KRT-45Z drilling at West Rustavi-Krtsanisi
Block Energy plc has started production from its third well, in the first of three projects, and is preparing to drill the fourth on the West Rustavi-Krtsanisi field, Georgia. TEST RESULTS The company said that the WR-34Z development well had been in continuous production for more than 19 days with test results showing an average […]
EnQuest production at top end of guidance range in strong start to 2023
EnQuest plc reported strong operational performance for the first four months of the year with production at the top end of guidance range for 2023. OPERATIONS Average group production was 47,725 boepd, based upon strong “uptime” across the company’s portfolio. EnQuest said that the 2023 Magnus well work programme was underway, with three wells returned […]
IOG on course for first gas at Blythe H2
IOG plc said it was on course for first gas by the end of the second quarter after overcoming problems from the gas and oil influx at the Blythe H2 well at the Saturn Banks project. REVISED PLAN In mid-April a gas and oil influx from the Hauptdolomit, encountered while drilling the development well, gave […]
Angus production rises 75% with second compressor
Angus Energy plc has increased production by more than 75% with the planned commissioning of the second compressor at Saltfleetby gas field in east Lincolnshire. MILESTONE Dual compressor mode began on 10 May and the three producing wells of B2, A4 and the new B7T, have since been flowing gas to the National Grid at the […]
Neptune starts production on Fenja
Neptune Energy has started production on the Fenja joint venture oil and gas field in the Norwegian Sea. FENJA Fenja is located 120km north of Kristiansund at a water depth of 325 metres. Neptune estimates total reserves of between 50 and 75 million boe, of which 75% is oil and 25% is gas. PRODUCTION Fenja […]