|
Energy Africa Limited - Energy Africa Announces Commencement Of New Production
In The Uk North Sea And Gabon
Energy Africa Limited
Registration number : 1995/007140/06
(Incorporated in the Republic of South Africa)
JSE code: ENR ISIN code: ZAE000010427
ENERGY AFRICA ANNOUNCES COMMENCEMENT OF NEW PRODUCTION
IN THE UK NORTH SEA AND GABON
Energy Africa Limited is a South African-based oil and gas exploration and
production group which is listed on the Johannesburg and Luxembourg Stock
Exchanges.
Energy Africa is pleased to announce that the Alba Extreme South development in
the UK North Sea, in which it holds an 8% interest, came onstream on 1 October,
on schedule and under budget. The new development will initially add over 50,000
barrels of oil per day (bopd) to Alba production offsetting production decline
and maintaining a plateau rate of up to 100,000 bopd.
ChevronTexaco is the operator of the Alba field. Production is from four new
subsea wells tied back to the Alba Northern Platform. These four wells will be
further supplemented by a water injection well and two additional producing
wells by early 2003.
In Gabon, Energy Africa Gabon SA ("EAGSA") which is 50% owned by Energy Africa,
today announced that production from the Niungo oilfield onshore Gabon, in which
it holds a 50% interest, commenced on 9 September. The field is building up to
full production and is currently producing at a rate of 4,500 bopd with an
expected peak rate of 6,000 to 7,000 bopd. In the southern Gabon offshore,
first oil production was also achieved in the Etame field early in September and
the field is currently producing at about 16,000 bopd. EAGSA will be exercising
its option to acquire, with effect from first production, a 7.5% interest in the
field.
The Niungo Field is located some 40km east of the Echira field in which EAGSA
also owns a 40% interest. Production is from three wells and is exported to the
Echira field via a newly constructed pipeline and onward to the Gamba terminal
via the existing pipeline. The operator of both the Echira and Niungo fields is
Perenco Gabon. Phase 1 of the Etame development consists of the subsea
completion of two horizontal wells and one vertical well, tied back to a
Floating Production, Storage and Offloading unit.
Rhidwaan Gasant, Energy Africa Limited`s Managing Director said:
"The Alba Extreme South development is the latest chapter in what has been an
extremely rewarding investment for Energy Africa. It will ensure that the Alba
field will continue to be a cornerstone of our production portfolio. The
production from Alba Extreme South and the new developments in Gabon will add
some 6,000 bopd to Energy Africa`s net production."
2 October 2002
For more information about Energy Africa see: www.energyafrica.com
Enquiries:
Energy Africa Ltd Adrian Nel +27 21 400 7600 / 27 82 806 8118
College Hill Nicholas Williams +44 7767 242 566
Date: 02/10/2002 12:46:00 PM Produced by the JSE SENS Department
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
