Genel, Columbus/Predator
Genel has announced this morning that Chevron Sarta, as operator of the Sarta field has signed a contract with Oilserv for the construction, installation, operation and maintenance of a 2o,000 bopd central processing facility.
Commissioning of the CPF and production start-up remains on track for the middle of 2020 with further expansion based on production behaviour and a subsequent drilling campaign.
Phase 1A of the development represents a low-cost pilot development of the Mus-Adaiyah reservoirs designed to recover 2P gross reserves of 34 MMbbls and distributed locally. This is more good news from Genel and analysts expect to get more detail on the upcoming visit to the operations.
/
CERP has updated the market with regard to its work with Predator on the CO2 pilot project on the Innis-Trinity IPSC. Workover operations have now been successfully completed to survey downhole the AT-4 and AT-13 wells in preparation for future CO2 injection and enhanced oil production.
Predator has confirmed to Columbus that based on the AT-13 survey results the Herrera #2 Sand has been selected as being accessible for CO2 enhanced recovery operations. This is a significant step, particularly for Predator as they forge forward on the project but also for CERP who may use any proceeds from a sale, should this happen to add to their SW Penisula programme.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.