The contract, which was due to expire on 2 March 2020, has been extended to 2 September 2020. The extension will help sustain production from the block while the process relating to the award of a new long-term contract for the block is completed, which is expected in 2020.
Recent production on the block has been approximately 7100 bpd. The execution of the contract extension will enable Frontera to undertake a workover and well service programme which is expected to return production levels near 8500 bpd in the coming weeks. Production during the term of the current service contract has been inconsistent due to intermittent NorPeruano pipeline availability and community disruptions. Production on the block during periods of normal operations has been approximately 8500 bpd.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/03032020/frontera-receives-six-month-extension-on-peru-onshore-block/
You might also like
PGGS has been awarded a 3D project in the Mediterranean for a major energy company. The Ramform Hyperion is scheduled to start the survey early March and the project has a total duration of approximately 30 days.