Centrica Reports Good Performance from Upstream Activities

Printer Friendly Version
Email this Page

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.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

Printer Friendly Version
Email this Page

WHAT DO YOU THINK?

Post a Comment 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.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  UZMA Secures $46.1M Helicopter Service... (May 26)
 -  Malaysian Barakah's Subsidiary PBJV Re... (May 26)
 -  First Production Flows at Bukit Tua Fi... (May 22)
 -  BG Group, Prosafe Agree New Program fo... (May 22)
 -  Mosman Hits Stumbling Block at Petrole... (May 22)


Most Popular Articles

From the Career Center
Jobs that may interest you
Maritime Technical Buyer
Expertise: Accounting or Finance
Location: Florida, FL
 
Reservoir Engineer
Expertise: Reservoir Engineering
Location: Denver, CO
 
Regional Sales Lead
Expertise: Business Development|Sales & Marketing
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $65.37/BBL 1.75%
Light Crude Oil : $59.72/BBL 1.64%
Natural Gas : $2.89/MMBtu 2.03%
Updated in last 24 hours