Petro-Canada to Fire Up Syrian Gas Production Soon

DAMASCUS (Dow Jones), Apr. 6, 2010

Petro-Canada announced Tuesday it would start producing some 80 million cubic feet of gas a day (or 2.5 million cubic meters a day) from Syria's Ebla gas project, the general manager of the firm told Dow Jones Newswires.

"We anticipate commercial production starting during the last 10 days of this month," Jon Ferrier said of the project which is a joint venture with Syria's state-run General Petroleum Corp.

Petro-Canada did a successful test production on March 15 at the project located between Homs and Palmyra, he said. The gas will be produced from a field called Ash-Shaer, one of two fields that the company is developing. The second one is called Cheriffe. The produced gas will be fed into Syria's national gas grid, he added.

Ferrier said that Petro-Canada, a subsidiary of Suncor Energy Inc., is expected to invest some $1 billion in the Ebla gas project. The project involves the drilling of 12 wells, construction of a gas gathering plant at Ash-Shaer field and a 77-kilometer, 16-inch pipeline connecting the field to the Furqlus gas plant and a gas treatment plant near Furqlus with a capacity of 2.8 million cubic meters a day of raw gas. 

Copyright (c) 2010 Dow Jones & Company, Inc.

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