Guendalina start pushed back to late-October

Start-up of the Guendalina gas field offshore eastern Italy has been delayed by roughly four weeks, due to a technical problem relating to operator ENI’s transportation facilities.

Offshore staff

ROME – Start-up of the Guendalina gas field offshore eastern Italy has been delayed by roughly four weeks, due to a technical problem relating to operator ENI's transportation facilities.

According to partner Mediterranean Oil and Gas, first gas now is slated for late October. No additional costs will be incurred as a result of these issues.

Development work was completed on schedule and since Sept. 26, the Guendalina has been ready to deliver gas.

The field has reserves estimated at 22 bcf. At peak it should produce around 20 MMcf/d.

MOG will selling its share of the production to Italian utility Elettrogas SpA for an average of $11.5/Mcf, rising to $12.3 in December as a result of a new contract signed in June.

10/03/2011

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