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.



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


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

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Malaysia's Icon Offshore Receives $12.... (Nov 25)
 -  Bowleven 'Pleased' with Moambe Flow Te... (Nov 25)
 -  BG: QCLNG Train 2 Commercial Operation... (Nov 25)
 -  Rosneft Posts YOY Income Decrease (Nov 25)
 -  Total to Raise $1.2 Billion of New Deb... (Nov 25)

Most Popular Articles

From the Career Center
Jobs that may interest you
Technical Advisor
Expertise: Petroleum Engineering|Well Intervention
Location: Houston, TX
Oil & Gas Accounting Specialist - Established Private Equity Firm
Expertise: Accounting
Location: Dallas, TX, TX
Dean of Deepwater Center for Workforce Excellence
Expertise: HR - Trainer / Instructor|Petroleum Engineering
Location: Schriever, LA
search for more jobs

Brent Crude Oil : $46.12/BBL 0.63%
Light Crude Oil : $42.87/BBL 2.68%
Natural Gas : $2.2/MMBtu 0.45%
Updated in last 24 hours