Emeralds pump problem should be nearing completion now, and hopefully output should be improving
From 18 august 2006 RNS
Daily gross production for the first six months of 2006 averaged 3,677 bopd,
compared to 2,542 bopd and 4,053 bopd achieved in the first and the second
halves of 2005, respectively. In the six months to the end of June 2006,
production was impaired by the failures of surface and downhole hydraulic
pumping systems. Production to date being sold at the current high oil price has
produced a cashflow in line with expectations.
Since the problems were identified, several hydraulic pumping systems have been
replaced by electrical submersible pumps (ESP), which offer greater variability
of pump output and better overall reliability. Most of the remaining rented
hydraulic pumps are either being replaced with new hydraulic pumps, purchased by Emerald to improve the overall system reliability, or are scheduled for ESP
replacement by the year end.
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