Aabar subsidiary, Pearl begins oil production at Jasmine, offshore Thailand
Posted: 29 January 2007
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Aabar has announced that its Singapore-based subsidiary Pearl Energy has begun producing oil at its Jasmine B platform at an initial rate of 2,300 barrels per day, marking a major milestone in the development of the oil field located in the Gulf of Thailand .
The B platform commenced production on January 22 from B2, a single development well, and five additional development wells will be brought into production in the next few days in the initial phase of the drilling program that comprises a total of 16 development wells and six water disposal wells.
Aabar’s Chairman Sohail Al Mazrui said: "We are confident that Pearl 's oil production capacity will increase significantly in the coming months, and this will certainly add value to Aabar's position as an oil and gas producer".
The Jasmine B Platform is connected via a 3.8 km pipeline to the Jasmine Venture MV7 floating production, storage and offloading vessel.
The commencement of production at Jasmine B follows the installation of the 1,100-tonne processing topsides for Platform B in late October and drilling of the first batch of six development wells that commenced on 27 December, 2006 .
“Jasmine B production marks the second major milestone in the development of the Jasmine field, which is a core asset in Pearl ’s portfolio”, said Chris Gibson-Robinson, Pearl ’s Chief Operating Officer. “This follows Platform A which came on stream in June 2005 and has performed beyond our expectations and maintains a healthy production rate” he added.
The Jasmine A development commenced production on 7 June 2005 and had produced 5.3 million barrels at the end of 2006.
Chris Gibson-Robinson also stated that a third platform, Platform C, will be ready for development drilling in the next couple of months and will further boost output for Pearl.
Pearl is reviewing the commercial viability for two additional production platforms in and around the Jasmine Production Area following a successful 14-well exploration program in the first half of 2006.
“The continuing expansion and success of the Jasmine development in a short time frame reflects the technical excellence of the Pearl team as well as the close working relationships we have with the Thai authorities and our contractors. Recently, we have significantly increased our exploration acreage in Thailand , which underpins the importance to which we assign to the country for our future operations,” said Bob Shaw, Executive Vice President of Pearl ’s Thailand operations. |
