PA Resources: Production starts at Alen field in Equatorial Guinea

7/25/2013

PA Resources: Production starts at Alen field in Equatorial Guinea

BY DOMINIC CHOPPING

STOCKHOLM -- PA Resources said that production from the Noble Energy operated Alen field in Equatorial Guinea has started. The field has been developed by a consortium comprising of the Block O and I partners and is operated by Noble Energy.

Produced gas and condensate volumes have increased over recent weeks as commissioning of wells and facilities continues towards full operations later in Q3.

Whilst the Alen field will only contribute at modest production levels net to PA Resources, Alen utilises the Aseng FPSO for condensate storage and the sharing of facilities and costs with the Aseng field is expected to reduce the operating costs attributable to Aseng by gross $50-$60 million a year.

The Alen field development project has been delivered ahead of schedule and slightly below the sanctioned cost.

Dow Jones Newswires

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