Centrica Reports Good Performance from Upstream Activities
UK integrated energy firm Centrica reported Monday that the performance by its international upstream gas and oil business has been good so far this year.
In a trading update, Centrica said it expects total production from existing assets to be around 75 million barrels of oil equivalent in 2013, up from 67 MMboe in 2012. It added that it expects the package of Western Canadian Sedimentary Basin conventional gas and crude oil assets it is acquiring from Suncor to produce around 15 MMboe in 2013.
Meanwhile, the firm noted that it achieved first gas from its York and Rhyl fields during the first quarter of the year, while its other approved projects – Key, Grove, Valemon and Cygnus – remain on track to bring 86 Mmboe of reserves into production over the next three years.
In exploration, Centrica noted that two out of three wells drilled during the first quarter were successful.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Drilling of Well at Fogelberg Gas Discovery to Start in Feb/March -Centrica (Sep 01)
- Centrica Merges Oil Business with Bayerngas to Tap Younger Fields (Jul 17)
- Gazprom Smells Opportunity as UK's Biggest Gas Store Shuts (Jun 23)