Buccaneer Energy: No Damage to Pompano Project

Buccaneer Energy has inspected the infrastructure associated with its Pompano project and reports that there was no damage as a result of Hurricane Ike's passage.

The onshore compressor station, that processes production from the Pompano project and which is owned by a third party, lost power as the storm passed through on September 13th. Production at Pompano was shut-in but will recommence when the compressor station resumes normal operations.

The company has also been informed that there has been no damage to the Hercules 152 jackup which has been contracted for the Pompano re-development program.

Participants in the next Pompano well are Buccaneer Resources with 65%; Elixir Petroleum with 25%; Baron Petroleum with 7.5%; and Streamline Exploration with 2.5%.

Read more on the aftermath of Hurricane Ike in Rigzone's Special Coverage After the Storm.


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