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SapuraCrest strategy to strengthen position
Chairman Datuk Hamzah Bakar said the company will enhance its deep-water capabilities through investments in strategic deep-water-capable assets and by expanding into new market across the region.
“We aim to double our overseas revenue contribution within the next two years,” Hamzah said at the company’s annual general meeting yesterday. (more…)
WNPOC CELEBRATES FIRST LIFTING OF BLOCK 5A CRUDE
Port Sudan, 20 August: White Nile (5B) Petroleum Operating Company Ltd (WNPOC), the operator of Block 5A, today celebrates the first commercial lifting of crude oil produced from the Block’s Thar Jath field in the south of Sudan.
About 400,000 barrels of crude oil was loaded into an oil tanker at the Bashayer Marine Terminal here for delivery to a long-term contract buyer.
The Thar Jath field in the Muglad Basin began producing in late June 2006. Current production rate stands at 30,000 barrels per day (bpd) and is anticipated to increase to 50,000 bpd by the end of this year. By the middle of 2007, WNPOC expects production to rise to 70,000 bpd. (more…)
WNPOC CELEBRATES FIRST LIFTING OF BLOCK 5A CRUDE
Port Sudan, 20 August: White Nile (5B) Petroleum Operating Company Ltd (WNPOC), the operator of Block 5A, today celebrates the first commercial lifting of crude oil produced from the Block’s Thar Jath field in the south of Sudan.
About 400,000 barrels of crude oil was loaded into an oil tanker at the Bashayer Marine Terminal here for delivery to a long-term contract buyer. (more…)
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