During February, one well in the Azurite Field in Republic of Congo experienced a marked decline in production rate and is now flowing at a very low rate, which has caused field production to drop by around 2,000 barrels per day in total (approx. 700 barrels per day net to PA Resources on a working interest basis).

This well has a relatively complicated dual zone completion which has failed to function as designed. The operator is attempting to restore higher rates for the well whilst endeavouring to diagnose the cause of these problems and determine remedial options.

In the beginning of March, production from Aseng Field in Equatorial Guinea reached its planned plateau level of around 60,000 barrels per day (approx. 3,400 barrels per day net to PA Resources on a working interest basis).

Tags: PA Resources