The well will be completed for production from the Upper Abu Madi zone. Tie-in facilities are nearly complete and production is expected to commence before year end to the existing El Wastani production facilities.
It is expected that the El Wastani East 2 well will be tied in at a rate of 16 mmscf/day and 835 bopd of condensate and natural gas liquids, bringing El Wastani area production to its maximum level (35 mmscf/day of gas and 1,850 bopd of natural gas liquids) until new facilities are completed. The new facilities which are expected to be ready by the end of 2005 will allow production in the El Wastani Development Lease to increase to 150 mmscf/day of natural gas and approximately 8,000 bopd of natural gas liquids.
The tie in of the Gelgel-4 well should be completed before year end and is expected to add 15 mmscf/day of dry gas to production from Centurion's South Manzala Production Lease. The addition of Gelgel 4 production will bring total production in South Manzala to 60 mmscf/day, the maximum rate that existing facilities can process. Twinning of the South Manzala pipeline is underway with completion expected in mid 2005 at which time production from the South Manzala Production Lease can increase to 100 mmscf/day.
With the expected tie in of El Wastani East 2 and Gelgel 4 prior to year end, Centurion would exit 2004 in excess of 20,000 boepd. This would result in company exit production doubling for the third year in a row.
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